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Suppose you deposited $1,200 in a credit union that pays a nominal rate of 7% with daily compounding and a 365-day year. How much could

Suppose you deposited $1,200 in a credit union that pays a nominal rate of 7% with daily compounding and a 365-day year. How much could you withdraw after nine months, assuming this is three-fourths of a year?

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$1,264.68

$1,173.50

$1080.69

$991.27

$1,311.02

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