luisfer121203 luisfer121203

12-09-2022
Mathematics

Answered

Jessica invested $ 4536 into an account that pays 2.99 %
interest per year. What is the amount in the account if interest is
compounded
a) Monthly?
b) Continuously
c) Which interest compounding method will you invest at and
which will you borrow at , assuming you have only the above
two options. WHY ?
d) How long before the amount you invested triples ?

Answer :

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