Bucher Credit Bank is offering 7 percent APR compounded daily on its savings accounts.
Assume that you deposit $6,700 today.
Requirement 1:
How much will you have in the account in 6 years? (Enter rounded answer as directed,
but do not use rounded numbers in intermediate calculations. Use 365 days in a year.
Round your answer to 2 decimal places (e.g., 32.16).)
Future value
Requirement 2:
How much will you have in the account in 12 years? (Enter rounded answer as directed,
but do not use rounded numbers in intermediate calculations. Use 365 days in a year.
Round your answer to 2 decimal places (e.g., 32.16).)
Future value
Requirement 3:
How much will you have in the account in 24 years? (Enter rounded answer as directed,
but do not use rounded numbers in intermediate calculations. Use 365 days in a year.
Round your answer to 2 decimal places (e.g., 32.16).)
Future value
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