You’re thinking $350 is a lot of money for a high school student, and you understand that, due to inflation, that same jacket would have cost less than $350 in the past. Use the calculator to determine how much the same jacket, had it been available, would have cost if you had bought it in 1997.

Spartan credit bank is offering 7.5 percent compounded daily on its savings accounts. you deposit $5,900 today. a. how much will you have in the account in 4 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. how much will you have in the account in 12 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. how much will you have in the account in 19 years?