61. Suppose you deposited $5,000 in a bank account that pays 5.25%
61. Suppose you deposited $5,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much would be in the account after 8 months, assuming each month has 30 days? a. $5,178.09 b. $5,436.99…