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Suppose you deposited $22,000 in a bank account that pays 5.25% with daily compounding based on a 360 -day year. How much would be in

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Suppose you deposited $22,000 in a bank account that pays 5.25% with daily compounding based on a 360 -day year. How much would be in the account after 8 months, assuming each month has 30 days? Select the correct answer. a. $22,781.48 b. $22,787.78 c. $22,783.58 d. $22,785.68 e. $22,779.38

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