SOLUTION: Suppose $1000 is invested at an annual interest rate of 7% compute the balance after 10 years if the interest is compounded 1.Annually___ 2.Quarterly___ 3.Monthly___ 4.Continuo

SOLUTION: Suppose $1000 is invested at an annual interest rate of 7% compute the balance after 10 years if the interest is compounded 1.Annually_ 2.Quarterly_ 3.Monthly___ 4.Continuo

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Question 758622: Suppose $1000 is invested at an annual interest rate of 7% compute the balance after 10 years if the interest is compounded
1.Annually___
2.Quarterly___
3.Monthly___
4.Continuously__
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
1.$1,967.15
2.$1,997.62
3.$2,009.62
4.$1,013.76
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