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You have $20,000 to invest in a savings account offered by your bank, Tightwad Bank. You plan to keep the money in the account for

You have $20,000 to invest in a savings account offered by your bank, Tightwad Bank. You plan to keep the money in the account for 4 years and the bank quotes you a rate of 3.5%. How much will you have in 4 years if the 3.5% is...

a) ...an EAR? (Use formulas only and show them.)

b) ... an APR with monthly compounding? (Use formulas only and show them.)

c) ... an APR with continuous compounding? (Use formulas only and show them.)

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