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Suppose $5000 is invested at an annual interest rate of 4.15% if compounded continuously. a) Compute...

Suppose $5000 is invested at an annual interest rate of 4.15% if compounded continuously.

a) Compute the balance at the end of 16 years.

b) What is the doubling time (round to the nearest year)?

c) What will be the balance at the end of 16 years if computed quarterly?

Math   Calculus   
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