Rebecca opened a savings account on March 20, with a $5,200 deposit. The account pays 3.99% interest, compounded daily. On March 21 she made a $700 deposit, and on March 22 she made a $500 withdrawal.
Use this information to find the missing amounts.
Date
March 20 March 21 March 22
Opening balance
a.
f.
k.
Deposit
b.
g.
Withdrawal
1.
Principal used to compute
c.
h.
m.
interest
Interest
d.
i.
n.
Ending balance
e.
i.
P.
a. $0.00
b. 55,200
X
c.
d.
X
1
X
f g. h.
i.
j.
k.