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Use a calculator to solve the following problem. A deposit of $17,000 is placed in a savings account that pays 2.7% interest, compounded daily. How
Use a calculator to solve the following problem. A deposit of $17,000 is placed in a savings account that pays 2.7% interest, compounded daily. How much money (in dollars) is in the account at the end of 8 years? (Round your answer to the nearest cent. Assume a year has 365 days.) $ How much money (in dollars) can be withdrawn at the end of 8 years if the principal is to remain in the bank? (Round your answer to the nearest cent. Assume a year has 365 days.) $
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