1. If you deposit $444.00 at 5.50% annual interest compounded daily, how much money will be in...
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Question:
1. If you deposit $444.00 at 5.50% annual interest compounded daily, how much money will be in the account after 8.0 years? (Assume that there are 364 days in a year and show your answer to the nearest cent)
2. Suppose you deposit $169.00 today, $728.00 in one year, and $417.00 in two years in an account that pays an annual rate of interest of 8.61% . How much money will be in the account after three years?
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