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Finance Assignment | Professional Writing

Author:
June 9th, 2020

Streamsong Credit Bank is offering 6.5 percent compounded daily on its savings accounts. Assume that you deposit $6,200 today. a. How much will you have in the account in 5 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.)

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b. How much will you have in the account in 10 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) c. How much will you have in the account in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) a. Future value in 5 years b. Future value in 10 years c. Future value in 20 years

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