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Under certain conditions, Swiss banks pay negative interest-they charge you. (You didn't think all that secrecy was free?) Suppose a bank pays 3.2% interest compounded

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Under certain conditions, Swiss banks pay negative interest-they charge you. (You didn't think all that secrecy was free?) Suppose a bank "pays" 3.2% interest compounded annually. Find the compound amount for a deposit of $260,000 after 5 years. The compound amount after 5 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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