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Posted on Aug 03, 2024

Streamsong Credit Bank is offering 6.4 percent compounded daily on its savings accounts. Assume that you deposit $6,100 today. Use 365 days in a year.

a. How much will you have in the account in 3 years?

b. How much will you have in the account in 6 years?

c. How much will you have in the account in 12 years?

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