Solution-Interest compounded continuously

Interest compounded continuously

Reference no: EM131335624

1. You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in the account in 10 years?

2. You deposit $3000 in an account earning 8% interest compounded continuously. How much will you have in the account in 10 years?

Reference no: EM131335624

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Interest compounded continuously

Reference no: EM131335624

Reference no: EM131335624

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