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Fowler Credit Bank is offering 7.7 percent compounded daily on its savings accounts. You deposit $6,100 today. a How much will you have in the
Fowler Credit Bank is offering 7.7 percent compounded daily on its savings accounts. You deposit $6,100 today.
a How much will you have in the account in 6 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. Future value $ How much will you have in the account in 11 years?
c. Future value $ How much will you have in the account in 18 years?
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