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Suppose you deposited $42,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much would be in the

Suppose you deposited $42,000 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. $43,502.12b. $43,499.02c. $43,495.92d. $43,489.72e. $43,492.82

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