Jada deposited an amount of money in a bank 3 years ago if, Ask an Expert

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Jada deposited an amount of money in a bank 3 years ago. If the bank had been paying interest at the rate of 6%/yearcompounded daily (assume a 365-day year) and she has $16,000 on deposit today, what was her initial deposit? (Round your answer to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
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