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Ying invested $9000 into an account earning 3.75% interest compounded daily for three years. Assume 365 days per year. (a) Find the balance of the
Ying invested $9000 into an account earning 3.75% interest compounded daily for three years. Assume 365 days per year. (a) Find the balance of the account at the end of the period. (b) How much interest is earned? (c) What is the effective rate of interest? (a) The balance of the account at the end of the period is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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