Jacob opens a savings account in a nonleap year on August 10 with a $4,550 deposit. The
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Jacob opens a savings account in a non–leap year on August 10 with a $4,550 deposit. The account pays 1.1% interest, compounded daily. On August 11 he deposits $300, and on August 12 he withdraws $900. Find the missing amounts in the table. Round to the nearest cent.
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Date Opening balance Deposit Withdrawal Principal used to compute interest Day's interest rounded to nearest cent Ending balance Aug. 10 a. A b. C. d. e. Aug. 11 f. g. h. i. j. Aug. 12 k. I. m. n. p.
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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