Essay
An initial deposit of $4,800 grows at an annual rate of 8.5% for 5 years. Compare the final balances resulting from annual compounding and continuous compounding.
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$7,217.55 from annua...View Answer
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Correct Answer:
Verified
$7,217.55 from annua...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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