SOLUTION: I tried working this question, but I just dont get it.
If $5000 is invested at an interest rate of 3% each year, find the amount of the investment at the end of 4 years for the
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If $5000 is invested at an interest rate of 3% each year, find the amount of the investment at the end of 4 years for the
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Question 674691: I tried working this question, but I just dont get it.
If $5000 is invested at an interest rate of 3% each year, find the amount of the investment at the end of 4 years for the following compounding methods.
a) annual
b) semiannual
c) monthly
d) daily Answer by solver91311(24713) (Show Source):
