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Spartan Credit Bank is offering 7.7 percent compounded daily on its savings accounts. You deposit $6,100 today. a. How much will you have in the
Spartan Credit Bank is offering 7.7 percent compounded daily on its savings accounts. You deposit $6,100 today. a. How much will you have in the account in 6 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 11 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 18 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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