Money Market Accounts The following money market account rares were available at bankrate.com in July 2016. Find the compound amount and the interest earned for each of the following.(See Example 4.) Everbank: $10,000 at 1.11 % compounded daily for one year 12. Alostar Bank of Commerce: $5000 at 1.05% compounded daly for one year 13. Goldman Sachs Bank: $15,000 at 1.00% compounded montny for three years

Question

Solve number 11 and 13.

Money Market Accounts The following money market account rares
were available at bankrate.com in July 2016. Find the compound amount
and the interest earned for each of the following.(See Example 4.)
Everbank: $10,000 at 1.11 % compounded daily for one year
12. Alostar Bank of Commerce: $5000 at 1.05% compounded daly
for one year
13. Goldman Sachs Bank: $15,000 at 1.00% compounded montny
for three years
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Transcribed Image Text

Money Market Accounts The following money market account rares were available at bankrate.com in July 2016. Find the compound amount and the interest earned for each of the following.(See Example 4.) Everbank: $10,000 at 1.11 % compounded daily for one year 12. Alostar Bank of Commerce: $5000 at 1.05% compounded daly for one year 13. Goldman Sachs Bank: $15,000 at 1.00% compounded montny for three years

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