Fowler credit bank is offering 6.5 percent compounded daily on its savings accounts. you deposit $4,900 today. how much will you have in the account in 5 years?

 Identify each variable

P = 4900

 r = 0.065

n =365

 t = 5

  A =4900( 1+ 0.065/365) ^ (365·5)

A=$6780.54

I will have in the account in 5 years  $6780.54

6x 2.54 is 15.24, answer is c

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