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July 29, 2014

Homework Help: Compound math

Posted by Help on Tuesday, April 19, 2011 at 9:39am.

(Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if

a. simple interest is compound monthly?
b. interest is compounded monthly?
c. interest is compounded daily?

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