Question
Do not round off anything until you obtain the final answer Round your answers to the nearest dollar Bert receives an inheritance of 58 000
Do not round off anything until you obtain the final answer Round your answers to the nearest dollar Bert receives an inheritance of 58 000 and decides to invest his money into an account that will pay 5 9 if the money is not withdrawn for 5 years Round your answers to the nearest dollar a Complete the table depicting Bert s money and interest earned after the 5 year period round all dollar amounts to 2 decimal places Compounding Quarterly Daily Number Amount in Account Interest Earned Number Number Number Continuously Number Number b Find the difference between his money compounded quarterly versus compounded continuously
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