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In this project, you will use a graphing calculator to compare savings plans. For instance, suppose you are depositing $1000 in a savings account and
In this project, you will use a graphing calculator to compare savings plans. For instance, suppose you are depositing $1000 in a savings account and are given the following options: - 6.2% annual interest rate, compounded annually - 6.1% annual interest rate, compounded quarterly - 6.0% annual interest rate, compounded continuously 3. Find the balances for the three options after 25,50,75, and 100 years. Is the option that yields the greatest balance after 25 years the same option that yields the greatest balance after 50,75 , and 100 years? Explain
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