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Glorfindel of Gondolin wants to start a college account for his children with $12199 which will pay him 1% (APR) over the next 29 years

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Glorfindel of Gondolin wants to start a college account for his children with $12199 which will pay him 1% (APR) over the next 29 years with daily compounded interest. How much will he have in his account after 29 years assuming all interest is reinvested? (Assume a 365 day year, and round answer to the nearest penny) a. 22627.01 b. 16303.01 c. 19640.01 d. 9107.01 e. 13504.01

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