Multiple Choice
North Island Federal Credit Union pays 5% annual interest, compounded daily, on time savings deposits. Find the value of $950 deposited in this account after 1 year. Round your answer to the nearest cent.
A) $1198.44
B) $998.70
C) $951.56
D) $950.13
E) $798.96
Correct Answer:
Verified
Correct Answer:
Verified
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