Solve the given problem related to compound interest. If $4250 is invested in at an annual interest rate of 2.5% for 30 years and find the balance if the interests is compounded on the following basis. (Round your answer to
Unitary Method
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Solve the given problem related to compound interest.
If $4250 is invested in at an annual interest rate of 2.5% for 30 years and find the balance if the interests is compounded on the following basis. (Round your answer to the nearest cent. Assume a year is exactly 365 days)
Answers:
A.) Monthly ________$
B.) Daily__________$
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