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OpenStudy (anonymous):
Use the formula for computing future value using compound interest to determine the value of an account at the end of 5 years if a principal amount of $2,500 is deposited in an account at an annual interest rate of 6% and the interest is compounded daily. Assume there are 365 days in a year. Do not round until the end of your calculations; then, round to the nearest cent as needed.
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