Mathematics, 23.10.2020 21:50 gmaj
Suppose $15000 is invested in an account with an APR of 4.5%.
If the interest is compounded annually, how much interest is earned over the first 12 years?
If the interest is compounded monthly, how much interest is earned over the first 12 years ?
If the interest is compounded daily, how much interest is earned over the first 12 years ?
If the interest is compounded continuously, how much interest is earned over the first 12 years ?
Answers: 1
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Suppose $15000 is invested in an account with an APR of 4.5%.
If the interest is compounded annuall...
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