Mathematics, 26.03.2021 19:50 jacamron

2. Tim invests $14,230 into an account with an interest rate of 5%. How much, to the nearest cent, will Tim have in 8 years if the interest is...
a) Compounded daily?
b) Compounded continuously?

Answers: 2

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2. Tim invests $14,230 into an account with an interest rate of 5%. How much, to the nearest cent,...

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More questions: Mathematics Another questions

2. Tim invests $14,230 into an account with an interest rate of 5%. How much, to the nearest cent, will Tim have in 8 years if the interest is... a) Compounded daily? b) Compounded continuously?

Answers

Another question on Mathematics

2. Tim invests $14,230 into an account with an interest rate of 5%. How much, to the nearest cent, will Tim have in 8 years if the interest is...
a) Compounded daily?
b) Compounded continuously?