Mathematics, 23.10.2021 21:00 crystalrc3414

An elite private college receives large donations from successful alumni. The account that holds these donations has $955,000 currently. How much would the account earn in one year of simple interest at a rate of 5.33%?

How much would the account earn in one year at 5.33% if the interest was compounded daily? Round to the nearest cent.

How much more interest is earned by compounded daily as compared to simple interest?

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