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April 19, 2015

Homework Help: Math

Posted by tony on Wednesday, July 13, 2011 at 8:33pm.

If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually
Find the amount in the bank after 12 years if interest is compounded quaterly
Find the amount in the bank after 12 years if interest is compounded monthly
Finally, find the amount in the bank after 12 years if interest is compounded continuously

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