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k. Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interest rate of 11.33463%, with interest added

k. Suppose that on January 1 you deposit $100 in an account that pays a nominal

(or quoted) interest rate of 11.33463%, with interest added (compounded) daily. How

much will you have in your account on October 1, or 9 months later?

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