Solve the problem.On October 1, The Bakery opened a savings account with a deposit of $13,400. A withdrawal of $7500 was made 15 days later and another withdrawal of $400 was made 8 days before January 1. Find the balance on January 1. Assume 3
% interest compounded daily.
A. $5562.23
B. $5562.07
C. $5562.99
D. $5562.27
Answer: D
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