Mathematics, 24.02.2021 22:20 Deadpool9609
1. You have $1600 in a bank account that pays 3.5% annual interest compounded continuously.
Your friend has $1600 in a bank account that pays 3.52% compounded semi-annually.
Show all work:
a. Who will have more money in their account after 15 years?
b. How many years will it take for your account to grow to at least $5500?
Answers: 1
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1. You have $1600 in a bank account that pays 3.5% annual interest compounded continuously.
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