What amount will an account have after 2 years if $5,000 is invested at an annual rate
Question:
What amount will an account have after 2 years if $5,000 is invested at an annual rate of 8%
(A) Compounded daily?
(B) Compounded continuously?
Compute answers to the nearest cent.
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A Use the compound interest formul...View the full answer
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Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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