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a) [3 marks] Saba invested $1000 in to a financial institute 3 year ago. The financial institute paid interest at the rate of 3.6%/year compounded
a) [3 marks] Saba invested $1000 in to a financial institute 3 year ago. The financial institute paid interest at the rate of 3.6%/year compounded continuously. What is her account worth today? b) [3 marks] Assume that Noha invests at an annual rate of 4% compounded semiannually. Calculate the amount he would need to invest now in order to have $5000 in 5 years.
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