Question
Spartan Credit Bank is offering 5.7 percent compounded daily on its savings accounts. Assume that you deposit $5,400 today. How much will you have in
Spartan Credit Bank is offering 5.7 percent compounded daily on its savings accounts. Assume that you deposit $5,400 today.
How much will you have in the account in 5 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.
How much will you have in the account in 10 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.
How much will you have in the account in 20 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.
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