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You invest $12,000 in an account at an annual interest rate of 4.85%. Use the formula for computing future value using compound interest to determine

You invest $12,000 in an account at an annual interest rate of 4.85%. Use the formula for computing future value using compound interest to determine the value of the account at the end of 8 years if the interest is compounded daily. Assume 365 days in a year

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