Mathematics, 08.10.2020 06:01 natalie2sheffield
Suppose you just discovered that your uncle, who died 100 years ago, had left you $2000 as a gift so you can attend college.
A. If your uncle invested that money at 4% annually for 100 years, how much would you have today?
B. Repeat part (a), using 4% monthly instead.
C. Repeat part (a), using 4% continuously instead. Compare your answers.
Note: show your steps and show your work.
Answers: 2
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Suppose you just discovered that your uncle, who died 100 years ago, had left you $2000 as a gift so...
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