Bucher credit bank is offering 58 percent compounded daily


Bucher Credit Bank is offering 5.8 percent compounded daily on its savings accounts. Assume that you deposit $5,500 today.

How much will you have in the account in 6 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.)

Future value            $

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

Future value            $

How much will you have in the account in 24 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.)

Future value            $

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Financial Management: Bucher credit bank is offering 58 percent compounded daily
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