On March 1 , 1 9 9 3 , Elwood deposited $ 4 , 2 0 0
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Question:
On March Elwood deposited $ into a bank account. The account credited interest at a nominal interest rate of per year, compounded quarterly, when the balance was under $ The account credited interest at a nominal interest rate of per year, compounded semiannually, when the balance was at least $ Elwood withdrew $ on March If there were no other deposits or withdrawals, determine Elwoods account balance on March Assume that interest accrues continuously, not just at the end of a compounding period. The answer is supposed to be $ but Im not sure how to get there?
Related Book For
Biology Science For Life With Physiology
ISBN: 9780134555430
6th Edition
Authors: Colleen Belk, Virginia Maier
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