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A police officer invested $5,000 in a treasury bond paying 4.75% interest compounded quarterly. After 25 years, the value of the bond will be $16,280.08. If the police officer's investment was compounded continuously instead of four times per year, what would be the difference in the account balances after 25 years?

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User Huang
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1 Answer

6 votes

Answer:

114.29

Explanation:

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User Vectoria
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