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What is the balance after one year if an account containing $ 6 0 0 earns a yearly nominal interest rate of 7 % under
What is the balance after one year if an account containing $ earns a yearly nominal interest rate of under the following situations. NOTE: Round answers to the nearest cent.
a Balance with annual compounding $
b Balance with weekly compounding $ NOTE: Assume weeks in a year.
c Balance with compounding each minute $ NOTE: Assume minutes in a year.
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