document.write( "Question 171517: Can someone please help me!\r
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document.write( "4. You have $760,000 in your bank account. The interest rate in your account is 5%. Solve for the following:\r
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document.write( "a. How much interest will you accumulate if interest is compounded annually over the next five years?\r
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document.write( "b. How much interest will you earn in your account over the next five years with continuous compounding? \r
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document.write( "You can use a scientific calculator or the =Exp() function in Microsoft Excel. \n" );
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Algebra.Com's Answer #127154 by Baron(1)![]() ![]() ![]() You can put this solution on YOUR website! a your intrest will be 43, 000 \n" ); document.write( "because i used a method that is very hard to explain \n" ); document.write( "b you will earn 10,000 in your account over the next five years with continuos compunding. \n" ); document.write( " |