Suppose You Deposited $5, 000 in a Bank Account That

Multiple Choice

Suppose you deposited $5, 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) $5, 178.09
B) $5, 436.99
C) $5, 708.84
D) $5, 994.28
E) $6, 294.00