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The Business Section of the Metropolis Express lists Megabux Bank as paying interest, compounded daily, on a minimum deposit, for a “yield” (or overall gain) of .

  1. Compute how much an initial deposit will be worth after one year at Megabux Bank.

  2. Confirm the “yield.”

    Refer to the hint in part (a).

  3. When will the initial deposit be worth ?