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Streamsong Credit Bank is offering 5.5 percent compounded daily on its savings accounts. Assume that you deposit $5,200 today. a. How much will you have
Streamsong Credit Bank is offering 5.5 percent compounded daily on its savings accounts. Assume that you deposit $5,200 today. | |
a. | How much will you have in the account in 4 years? (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? (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? (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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