How much more interest will be earned if $5000 is invested for 6 years at 7% compounded

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How much more interest will be earned if $5000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:33 AM

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How much more interest will be earned if $5000 is invested for 6 years at 7% compounded

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Compounded continuously S 5000e 00...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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