Question: DO NOT COPY FROM OTHER POSTS You are making $1200 annual deposits to an account earning a 6% APR, compounded daily. a. What is the

DO NOT COPY FROM OTHER POSTS

You are making $1200 annual deposits to an account earning a 6% APR, compounded daily.

a. What is the interest rate required for the calculations?

b. What is the future amount in the account after 5 years?

THE CORRECT ANSWER TO PART A IS 6.18%

DO NOT PUT $1619.79 AS ANSWER TO PART B, IT'S INCORRECT

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