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Mary puts $ 3 , 0 0 0 into an account run by the neighborhood Credit Union, which pays an annual interest of 4 .

Mary puts $3,000 into an account run by the neighborhood Credit Union, which pays an annual interest of 4.8% per year, but promises daily compounding. After 13 years how much will be in the account (to the nearest cent), Hint: to get that accuracy, you need perhaps eight place accuracy for the daily interest! To get that, do not round the number at all before continuing with the calculations.

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