Question
You make monthly deposits of $310 into an account that pays 3% per year. How much larger would the balance be after 5 years if
You make monthly deposits of $310 into an account that pays 3% per year. How much larger would the balance be after 5 years if interest is compounded continuously compared to monthly? Express your answer in $ to the nearest $0.10.
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The Compensation Committee Handbook
Authors: James F. Reda, Stewart Reifler, Michael L. Stevens
4th Edition
1118370619, 978-1118370612
