Question: A calculator will be helpful in solving the following problem. After receiving an inheritance of $11,050, a man deposits the money in an account paying

A calculator will be helpful in solving the following problem. After receiving an inheritance of $11,050, a man deposits the money in an account paying an annual rate of 7.2%, compounded daily. How much money will be in the account at the end of 7 years? (Round your answer to the nearest cent. Assume a year has 365 days.) $

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