10. Find the value of $1000 deposited in a bank at 8% interest for 10 years compounded: a) quarterly b) continuously.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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10. Find the value of $1000 deposited in a bank at 8% interest for 10 years compounded:
a) quarterly
b) continuously.
Transcribed Image Text:10. Find the value of $1000 deposited in a bank at 8% interest for 10 years compounded: a) quarterly b) continuously.
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