Rachel invests $1,000 in a bank account that pays 5% annual interest.
Part A
How much money...
Mathematics, 02.12.2020 02:30 timozy95
Rachel invests $1,000 in a bank account that pays 5% annual interest.
Part A
How much money will Rachel have in 10 years if the interest is compounded annually?
Part B
how much money will Rachel have in 10 years if the interest is compounded monthly?
Part C
How much money will Rachel have in 10 years if the interest in compounded continuously?
Answers: 1
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