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Spartan Credit Bank is offering 6.7 percent compounded daily on its savings accounts. Assume that you deposit $6,400 today. a. How much will you have
Spartan Credit Bank is offering 6.7 percent compounded daily on its savings accounts. Assume that you deposit $6,400 today. a. How much will you have in the account in 4 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. b. How much will you have in the account in 8 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. c. How much will you have in the account in 16 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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