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John has $12,000 to invest, and he chooses to invest it in an investment that pays 5% interest, compounded monthly. a. How much money will
John has $12,000 to invest, and he chooses to invest it in an investment that pays 5% interest, compounded monthly. a. How much money will John have in 6 years? b. If the money is compounded CONTINUOUSLY instead of monthly, how much MORE money John have earned
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Numerical Analysis And Optimization NAO-III, Muscat, Oman, January 2014
Authors: Mehiddin Al Baali, Lucio Grandinetti, Anton Purnama
1st Edition
3319176897, 9783319176895
