(a) If $1000 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest is compounded as follows. (Round your answers to the nearest cent.) (i) annually $ (ii) quarterly $ (iii) monthly $ (iv) weekly $ (v) daily $ (vi) hourly $ (vii) continuously $
(a) If $1000 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest is compounded as follows. (Round your answers to the nearest cent.) (i) annually $ (ii) quarterly $ (iii) monthly $ (iv) weekly $ (v) daily $ (vi) hourly $ (vii) continuously $
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Question
(a) If $1000 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest is compounded as follows. (Round your answers to the nearest cent.)
(i) annually |
$ |
|
(ii) quarterly |
$ |
|
(iii) monthly |
$ |
|
(iv) weekly |
$ |
|
(v) daily |
$ |
|
(vi) hourly |
$ |
|
(vii) continuously |
$ |
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