Suppose you invest $100 in an account that earns a very large 12% annual interest. Determine the amount of money in the account in 40 years if:
a. interest is compounded monthly b. interest is compounded daily.

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368

step-by-step explanation:

answer: 12/52

step-by-step explanation: my reasoning is that there are 12 face cards in a deck and a total of 52 cards in all.