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Suppose a savings account pays 7% annual interest with interest compounded daily (assume there are 365 days in a year). If $2,227 is deposited into
Suppose a savings account pays 7% annual interest with interest compounded daily (assume there are 365 days in a year). If $2,227 is deposited into the account., what is the balance in the account after 6 years? Round answer to two places after the decimal point.
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