Question
Streamsong Credit Bank is offering 6.6 percent compounded daily on its savings accounts. Assume that you deposit $6,300 today. a. How much will you have
Streamsong Credit Bank is offering 6.6 percent compounded daily on its savings accounts. Assume that you deposit $6,300 today.
a. How much will you have in the account in 6 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 12 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 24 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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