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Determine the amount of money that will be accumulated in an account that pays compound interest, given the initial principal of $28,900 invested at 2.75%

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Determine the amount of money that will be accumulated in an account that pays compound interest, given the initial principal of $28,900 invested at 2.75% annual interest for 7 years compounded (a) daily (n = 365); (b) continuously. (a) $ 35034.54 will be accumulated in an account that pays interest that is compounded daily. (Round to the nearest cent as needed.) (b) $ will be accumulated in an account that pays interest that is compounded continuously. (Round to the nearest cent as needed.)

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