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Spartan Credit Bank is offering 7.2 percent compounded daily on its savings accounts. You deposit $5,600 today. a. How much will you have in the
Spartan Credit Bank is offering 7.2 percent compounded daily on its savings accounts. You deposit $5,600 today. |
a. | How much will you have in the account in 4 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b. | How much will you have in the account in 12 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
c. | How much will you have in the account in 19 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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