Mathematics, 24.07.2019 23:30 genyjoannerubiera
1. suppose you invest $5010 at an annual interest rate of 6.4% compounded continuously. a.) write an equation to model this. b) how much money will you have in the account after 2 years? 2. suppose you invest $100 at 6% annual interest. calculate the amount of money you would have after 1 year if the interest is compounded: a.) quarterly. b.) monthly. c.) daily. 3. suppose you deposit $100,000 in an account today that pays 6% interest compounded annually. write an equation to determine how long it will take before the amount in your account is $500,000 (note: you only have to write the equation). i need because i'm stuck.
Answers: 1
Mathematics, 21.06.2019 13:40
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1. suppose you invest $5010 at an annual interest rate of 6.4% compounded continuously. a.) write an...
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