Question: Please answer both. Thank you so much. 4) Use the compound interest formula for compounding more than once a year to determine the accumulated balance
Please answer both. Thank you so much.
4) Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. $10,000 deposit at an APR of 4% with semiannual compounding for 12 years
5) Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. $2500 deposit at an APR of 4% with monthly compounding for 6 years
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