Mathematics, 13.04.2021 03:10 hilton894
Leila invested $5900 in an account that pays an annual interest rate of 3.6%, compounded daily. Assume there are 365 days in each year.
(a) Find the amount in the account after one year, assuming no withdrawals are made.
Do not round any intermediate computations, and round your answer to the nearest cent.
(b) Find the effective annual interest rate, expressed as a percentage.
Do not round any intermediate computations, and round your answer to the nearest hundredth of a percent.
Answers: 2
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Leila invested $5900 in an account that pays an annual interest rate of 3.6%, compounded daily. Assu...
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