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Suppose you deposited $31,000 in a bank account that pays 6.25% with daily compounding based on a 360- day year. How much would be in

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Suppose you deposited $31,000 in a bank account that pays 6.25% 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? a. $32,291.67 b. $32,318.84 loc. $32,475.95 d. $32,315,46 e. $32,999.06

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