Compounded daily on savings accounts

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Reference no: EM131906518

Bucher Credit Bank is offering 6.5 percent compounded daily on its savings accounts. Assume that you deposit $6,200 today.

How much will you have in the account in 5 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 10 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 20 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 $

Reference no: EM131906518

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