On December 18 of a leap year, Stacy opened a savings account by depositing $6,000. The account
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On December 18 of a leap year, Stacy opened a savings account by depositing $6,000. The account pays 1.45% interest, compounded daily. On December 19 she deposited $500, and on December 20 she withdrew $2,500. Find the missing amounts in the table. Round to the nearest cent. What is her opening balance on December 21?
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Date Opening balance Deposit Withdrawal Principal used to compute interest Day's interest rounded to nearest cent Ending balance Dec. 18 a. b. C. d. e. f. Dec. 19 g. h. i. j. k. 1. Dec. 20 m. n. p. q. r. S.
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As of December 21 the accounts opening balance will be 400066 To find the missing amounts in the t...View the full answer
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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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