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Debra Goforth's savings account shows a balance of $904.31 on March
1st. The same day, she made a deposit of $375.00 to the account. She
also made deposits of $500.00 on April 1st and May 1st. The bank pays
interest at a rate of 5.5 percent compounded daily. What will be the
amount in her account on May 29?

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Answer:

Debra Goforth's savings account shows a balance of $904.51 on March 1. The same day, she ... of $904.51 on March 1. The same day, she made a deposit of $375.00 to the account. She also made deposits of $500.00 on April 1 and May 1. The bank pays interest at a rate of 5.5 percent compounded daily.

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