Mathematics, 15.05.2021 07:50 clark4590
In general, the amount of money after two years can be expressed by the following formula which multiplies what you have after one year by (1+ r). (d) Write a formula for the amount of money in the account after 7 years if you initially invest $100 and earn an interest rate r each year. *
Answers: 3
Mathematics, 21.06.2019 20:10, morgantisch25
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
In general, the amount of money after two years can be expressed by the following formula which mult...
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