SOLUTION: suppose you invest $100 at 7% annual interest. Calculate the amount that you would have after one year if interest is compounded: a) quarterly b) monthly c) continuously

Algebra.Com
Question 38927: suppose you invest $100 at 7% annual interest. Calculate the amount that you would have after one year if interest is compounded: a) quarterly b) monthly
c) continuously

Answer by Nate(3500)   (Show Source): You can put this solution on YOUR website!
a) quarterly



b) monthly



c) continuously



RELATED QUESTIONS

suppose you sell your coconut collection for $300 and invest it with 3% annual... (answered by checkley79)
Suppose you invest money in two accounts. One of the accounts pays 8% annual interest,... (answered by mananth)
Suppose you invest money in two accounts. One of the accounts pay 8% annual interest,... (answered by mananth)
Suppose you invest money in two accounts. One of the accounts pay 9% annual interest,... (answered by stanbon)
Suppose you invest money in two accounts. One of the accounts pay 9 % annual... (answered by ankor@dixie-net.com)
Suppose you invested 10,000 dolllars, part at 6% annual interest and the rest on 9%... (answered by jim_thompson5910)
If you invest $10,000 at an annual rate of 7%, how much interest will you earn after one... (answered by oscargut)
If you invest $10,000 at an annual rate of 7%, how much interest will you earn after one... (answered by wilft1)
Suppose you invest $7,000 in a mutual fund that pays simple interest for one year. If you (answered by stanbon)