Question
Lea invests $8,333 in a savings account with a fixed annual interest rate of 8%. What will the account balance
be after 12 years if the interest is compounded
a. Quarterly?
1.
b. Continuously?
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Transcribed Image Text

Lea invests $8,333 in a savings account with a fixed annual interest rate of 8%. What will the account balance be after 12 years if the interest is compounded a. Quarterly? 1. b. Continuously?

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