SOLUTION: Problem #50:
Two accounts each began with a deposit of $10,000. Both accounts have rates of 6.5%, but one account compounds interest once a year while the other account compounds
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Two accounts each began with a deposit of $10,000. Both accounts have rates of 6.5%, but one account compounds interest once a year while the other account compounds
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Question 844465: Problem #50:
Two accounts each began with a deposit of $10,000. Both accounts have rates of 6.5%, but one account compounds interest once a year while the other account compounds interest continuously. Make a table that shows the amount in each account and the interest earned after one year, five, years, ten years, and 20 years. Answer by jackson808(1) (Show Source):
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