Multiple Choice
Suppose you deposited $27,000 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) $34,952.08
B) $30,478.21
C) $27,961.66
D) $30,198.59
E) $29,918.98
Correct Answer:
Verified
Correct Answer:
Verified
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