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any help? A particular savings bank pays 2% annual interest compounded continuously. How much will a deposit of $2000 amount to for each time period?
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A particular savings bank pays 2% annual interest compounded continuously. How much will a deposit of $2000 amount to for each time period? Hint: Convert months to days. When needed, use 365 days per year and 30 days per month a. 7 years b. 8 years 9 months c. 6 years 10 months 14 days d. 26 years 57 days a. The amount accumulated after 7 years is $ (Round to the nearest cent as needed.) b. The amount accumulated after 8 years and 9 months is $ (Round to the nearest cent as needed.) c. The amount accumulated after 6 years 10 months and 14 days is $. (Round to the nearest cent as needed.) d. The amount accumulated after 26 years 57 days is $17 Step by Step Solution
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