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K Two accounts each begin with a deposit of $6000. Both accounts have rates of 4.6%, but one account compounds interest once a year
K Two accounts each begin with a deposit of $6000. Both accounts have rates of 4.6%, but one account compounds interest once a year while the other account compounds interest continuously. Make a table that shows the amount in each account and the interest earned after one year, five years, ten years, and 20 years. Click the icon to view some finance formulas. 1 year 5 years 10 years Compounded annually Compounded continuously Balance Interest Balance Interest 20 years (Round to the nearest dollar as needed)
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