Find the value of $1200 deposited in a bank at 10% interest for 10 years compounded in the following ways. (Round your answers the nearest cent.) (a) annually (b) quarterly $ (c) continuously $

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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Find the value of $1200 deposited in a bank at 10% interest for 10 years compounded in the following ways. (Round your answers to the nearest cent.)
(a) annually
$
(b) quarterly $
(c) continuously
$
Transcribed Image Text:Find the value of $1200 deposited in a bank at 10% interest for 10 years compounded in the following ways. (Round your answers to the nearest cent.) (a) annually $ (b) quarterly $ (c) continuously $
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