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Your bank account pays an interest rate of 6%, but this interest is compounded daily (365-day basis). You plan to deposit $500 in the account

Your bank account pays an interest rate of 6%, but this interest is compounded daily (365-day basis). You plan to deposit $500 in the account today. You also plan to deposit $1,000 in the account at the end of the next 3 years. How much will you have in the account at the end of year 3?

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