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You deposited your scholarship money $1,000 in a savings account that pays 10 percent interest, compounded daily. Eighteen months later, you got tired of school
You deposited your scholarship money $1,000 in a savings account that pays 10 percent interest, compounded daily. Eighteen months later, you got tired of school and Huntsville, and decided to go to Colorado to become a bungee jumper, so you close out your account. How much money will you receive? Assume 365 days in a year. $1,101.65 $1,122.37 $1,127.48 $1,153.69 $1,161.81
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