Mathematics, 04.10.2019 21:00 raquelrivera03
Steven’s savings account switches from compounding interest annually to quarterly. his account earns 3% interest yearly. steven puts $500 into his account and leaves it for five years. how much more money will he have in his account due to switching from annually to quarterly compounding? $0.72 $0.95 $1.51 $1.97
Answers: 1
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Steven’s savings account switches from compounding interest annually to quarterly. his account earns...
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