Two accounts began each with a deposit of $10,000. Both accounts have rates of 6.5%, but one account compounds interest ...
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Two accounts began each with a deposit of $10,000. Both accounts have rates of 6.5%, but one account compounds interest once a year, while the other account compounds interest continuously. Make a table that shows the amount in each account and the interest earned after one year, five years, ten years, and twenty years.(Round all values to the nearest dollar)
- 5 years ago
Tenure Annual compounding Continuous compounding ...
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- Twoaccountsbeganeachwithadepositof10000.doc