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August 1, 2015

Homework Help: interest

Posted by Andy G on Monday, March 17, 2014 at 9:39pm.

In a savings account, a principal of $1000 is deposited at 5% per annum. In the second account a principal of $500 is deposited at 10% per annum. Both accounts are compounded continuously.

a. estimate the doubling time for each

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