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A local business deposited $430,000 in a​ 2-year time deposit earning​ 4% compounded daily. At​ maturity,...

A local business deposited $430,000 in a​ 2-year time deposit earning​ 4% compounded daily. At​ maturity, what is the compound amount and interest​ earned? Round to the nearest cent.

A. 465,811.40; 35,811.40

B 525,196.01 ; 95,196.01

C 484,820.46 ; 54,820.46

D 475,220.24 ; 45,220.24

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jeff jeffy answered 2 years ago
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