Find the amount of money in an account after 8 yr if $4500 is deposited at 6%
Question:
Find the amount of money in an account after 8 yr if $4500 is deposited at 6% annual interest compounded as follows.
(a) Annually
(b) Semiannually
(c) Quarterly
(d) Daily (Use n = 365.)
(e) Continuously
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Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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