$7000 are invested in a bank account at an interest rate of 8 percent per year. Find the amount in the bank after 13 years
$7000 are invested in a bank account at an interest rate of 8 percent per year.
Find the amount in the bank after 13 years if interest is compounded annually.
Find the amount in the bank after 13 years if interest is compounded quaterly.
Find the amount in the bank after 13 years if interest is compounded monthly.
Finally, find the amount in the bank after 13 years if interest is compounded continuously.
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Authors: John W. Helgeson
1st Edition
0873897730, 978-0873897730
