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  3. a person deposits $3000 into a savings account tha

A person deposits $3000 into a savings account that earns interest at 7,50% compounded daily....

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Finance

  1. A person deposits $3000 into a savings account that earns interest at 7,50% compounded daily. How much interest will be earned:
  • during the first year?
  • during the second year?
  • What ist he accumulated amount oft he Investment? (5 points)

  1. With the same investment of $3000 after 3 years compounded semiannually the bank account stands at $3860.
    • What was the compounded annual rate of increase?

What was the compounded annual rate of increase if the account was compounding quartarly?

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