formula Use the appropriate compound interest to find the amount that will be in each account, given the conditions. stated 28,000 invested at 3.95% annuel interest for 2 years compounded A. daily B. continuously ac Round 4 decind places D

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions. 28,000 invested at 3.95% interest for 2 years compounded daily and continuously. Round to the nearest cent.
formula
Use the appropriate compound interest
to find the amount that will
be in each account, given the
conditions.
stated
18
28,000 invested at 3.95% annuel
interest for 2
years compounded
Lon
A. daily
B. continuously
Round 4 decine places
Transcribed Image Text:formula Use the appropriate compound interest to find the amount that will be in each account, given the conditions. stated 18 28,000 invested at 3.95% annuel interest for 2 years compounded Lon A. daily B. continuously Round 4 decine places
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