Ami opened a savings account at a bank that charged a nominal interest rate of 12% by depositing a principal savings of Rp. 10,000,000, -. Calculate the final value of the savings account at the end of the fifth year, if the interest is compounded annually, semi-annually, quarterly, quarterly, monthly, weekly, daily and 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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Ami opened a savings account at a bank that charged a nominal interest rate of 12% by depositing a principal savings of Rp. 10,000,000, -. Calculate the final value of the savings account at the end of the fifth year, if the interest is compounded annually, semi-annually, quarterly, quarterly, monthly, weekly, daily and continuously.
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