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Suppose you deposited $3,000 in a bank account that pays6.25% with daily compounding and a 360-day ...

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Suppose you deposited $3,000 in a bank account that pays6.25% with daily compounding and a 360-day ...

Suppose you deposited $3,000 in a bank account that pays6.25% with daily compounding and a 360-day year. How much could you withdraw after6months, assuming each month has 30 days?

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$2,978.09

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$2,936.99

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$3,108.84

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$3,095.22

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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