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1 05 oints Streamsong Credit Bank is offering 6.4 percent compounded daily on its savings...

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1 05 oints Streamsong Credit Bank is offering 6.4 percent compounded daily on its savings accounts. Assume that you deposit $6,100 today a. How much will you have in the account in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) b. How much will you have in the account in 6 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year) c. How much will you have in the account in 12 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Book References a. Future value in 3 years b. Future value in 6 years Future value in 12 years C 2 0.5 points Larry's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $36,000 per year forever. Assume the required return on this investment is 61 percent How much will you pay for the policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Policy value today Hint References

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