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Shawn Bowker invested $15,000 in a money market account that will pay 5.75 percent compounded daily. How much will the interest on interest be after
Shawn Bowker invested $15,000 in a money market account that will pay 5.75 percent compounded daily. How much will the interest on interest be after two years?
A. $1,725
B. $862.5
C. $68.63
D. $102.95
E. $1872.95
(Please provid step by step instruction on how to solve using financial calculator)
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