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Please demostrate!! If you have $100,000 deposited with an interest rate of 6%. How much is your bank balance at the end of 1 year
Please demostrate!!
If you have $100,000 deposited with an interest rate of 6%. How much is your bank balance at the end of 1 year under the different frequency of compounding:
[1] annual compounding?
[2] semi-annual compounding?
[3] quarterly compounding?
[4] monthly compounding?
[5] daily compounding?
[6] continuous compounding?
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