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Suppose you deposited $8,000 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 $8,000 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? a. $7,704.99 b. $8,119.24 c. $6,462.25 d. $8,284.94 e. $7,870.69.
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