Question
A bank is loaning $5,000 for 3 years at an interest rate of 7.5 percent. How much additional interest can the bank earn if it
A bank is loaning $5,000 for 3 years at an interest rate of 7.5 percent. How much additional interest can the bank earn if it compounds interest continuously rather than annually?
O $56.67
O $50.13
O $48.89
O $51.78
O $61.65
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Snap Judgment When To Trust Your Instincts When To Ignore Them And How To Avoid Making Big Mistakes With Your Money
Authors: David E. Adler
1st Edition
0137147783,0137037090
