Question: 5. Chapter b Multiple Choice 05-142, Section b Multiple Choice 05-142, Problem b Multiple Choice 05-142 Suppose you deposited $27,000 in a bank account that

5. Chapter b Multiple Choice 05-142, Section b Multiple Choice 05-142,

5. Chapter b Multiple Choice 05-142, Section b Multiple Choice 05-142, Problem b Multiple Choice 05-142 Suppose you deposited $27,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much would be in the account after 8 months, assuming each month has 30 days? Oa. $30,198.59 b. s30,478.21 Oc. $34,952.08 d. $29,918.98 Oe, $27,961.66

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