Mathematics, 11.04.2021 18:00 Lesquirrel
$8000 are invested in a bank account at an interest rate of 9 percent per year.
Find the amount in the bank after 15 years if interest is compounded annually.
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Find the amount in the bank after 15 years if interest is compounded quaterly.
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Find the amount in the bank after 15 years if interest is compounded monthly.
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Finally, find the amount in the bank after 15 years if interest is compounded continuously.
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Answers: 3
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$8000 are invested in a bank account at an interest rate of 9 percent per year.
Find the amount in...
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