Calculation of compound interest A sum of $1000 is invested at an interest rate of 12% annually.
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Calculation of compound interest A sum of $1000 is invested at an interest rate of 12% annually. Calculate the amounts in the account after three years if interest is compounded annually, semiannually, quarterly, monthly, weekly, and diary.
CAPITALIZATION | n | COMPOUND AMOUNT | COMPOUND INTEREST |
ANNUAL | |||
BIANNUAL | |||
QUATERLY | |||
MONTHLY | |||
WEEKLY | |||
DIARY |
Calculate each compound interest clearly,
Include complete procedure.
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