asked 43.7k views
1 vote
You are investing $4000 with a 2.5% nominal interest; compare what happens if the interest is compounded annually, quarterly, or continuously for 20 years. 1. Find the value of each of the three accounts after 20 years. Annually Quarterly Continuously​

1 Answer

5 votes
Every year he pay like 100$
Compounded gon to be half
Quarter 1.3%
answered
User Hewo
by
8.1k points
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