You deposit $1500 in an account that earns 49% ahnual interest. Find the balance after 10 years if this interest is compounded with the given frequency. Formula Total 1 Annually 2. Semi-Annually 2 Quarterly

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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You deposit $1500 in an account that earns 4% ahnual interest.
Find the balance after 10 years if this interest is compounded with the given frequency.
Formula
Total
1. Annually
2. Semi-Annually
2
Quarterly
3).
Monthly
5. Weekly
6. Daily
47. Continuously
Transcribed Image Text:1 2 3 4 5 6 7 8 9 10 11 12 13 You deposit $1500 in an account that earns 4% ahnual interest. Find the balance after 10 years if this interest is compounded with the given frequency. Formula Total 1. Annually 2. Semi-Annually 2 Quarterly 3). Monthly 5. Weekly 6. Daily 47. Continuously
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