Multiple Choice
Suppose you deposited $26,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year.How much would be in the account after 8 months,assuming each month has 30 days?
A) $21,271.57
B) $25,579.74
C) $26,926.04
D) $33,119.03
E) $26,656.78
Correct Answer:
Verified
Correct Answer:
Verified
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