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Now suppose you leave your money in the bank for 21 months. Thus, on January 1 you deposit $15,000 in an account that pays a
Now suppose you leave your money in the bank for 21 months. Thus, on January 1 you deposit $15,000 in an account that pays a 1.50% (APR), compounded daily. How much will be in your account on October 1 the next year? (assume N = 638 days). Do no interim rounding on the interest rate. Do no interim rounding on the interest rate. Do no interim rounding on the interest rate.
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