If 3000 dollars is invested in a bank account at an interest rate of 6 per...

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If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, Find the amount in the bank after 5 years if interest is compounded annually: Find the amount in the bank after 5 years if interest is compounded quarterly: Find the amount in the bank after 5 years if interest is compounded monthly: Finally, find the amount in the bank after 5 years if interest is compounded continuously: If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, Find the amount in the bank after 5 years if interest is compounded annually: Find the amount in the bank after 5 years if interest is compounded quarterly: Find the amount in the bank after 5 years if interest is compounded monthly: Finally, find the amount in the bank after 5 years if interest is compounded continuously:

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To calculate the amount in the bank after 5 years using different compounding frequencies we can ... View the full answer