Amount of $5,000 was
deposited in an account paying 3 % annual rate of interest.
(a) Determi...
Mathematics, 11.05.2021 21:00 croxy0514
Amount of $5,000 was
deposited in an account paying 3 % annual rate of interest.
(a) Determine the amount in the account after 10 years if the interest is compounded quarterly.
(b) With the same rate of interest, how long will it take for the investment to double if the interest is compounded continuously.
Round your answer to the nearest whole number)
Answers: 2
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