Essay
is deposited into an account earning interest at an annual rate of 
. Find the value of the account after one year if
A) it is compounded twice a year.
B) it is compounded monthly.
C) it is compounded weekly (52 weeks a year)
D) it is compounded daily (365 days a year)
E) it is compounded continuously.
Does the method of compounding have much effect on the final value?
Correct Answer:
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A) 
B) C)...View Answer
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Correct Answer:
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B) C)...View Answer
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