Compounded daily on its savings accounts

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Reference no: EM131566179

Fowler Credit Bank is offering 6.3 percent compounded daily on its savings accounts. You deposit $4,700 today.

How much will you have in the account in 4 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

How much will you have in the account in 12 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

How much will you have in the account in 19 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131566179

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