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Find the Compound Amount for the Deposit $\$ 24,391$ At $8.5 \%$

Question 7

Multiple Choice

Find the compound amount for the deposit. Round to the nearest cent.
- $\$ 24,391$ at $8.5 \%$ compounded daily for 5 years

A) $\$ 15,820.25$
B) $\$ 37,306.39$
C) $\$ 16,974.92$
D) $\$ 44,443.30$

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