Determine the amount in the acount

Reference no: EM1360230

You have $2,000 invested in a bank account that pays a 4 percent nominal annual interest with daily compounding. How much money will you have in the account in 132 days from today? (Assume there are 365 days in each year.)

a) $2,029.14
b) $2,028.93
c) $2,040.00
d) $2,023.44
e) 2,023.99

Reference no: EM1360230

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