Question: How much money will be in an account in 5 years if $10,000 is deposited now at an interest rate of 1% per month? Use
How much money will be in an account in 5 years if $10,000 is deposited now at an interest rate of 1% per month? Use three different interest rates:
(a) Monthly,
(b) Quarterly,
(c) Yearly.
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