SOLUTION: If 1100 dollars is invested in an account for 10 years. Find the value of the investment at the end of 10 years if the interest is:
(a) 6% compounded annually: $
(b) 6% comp
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(a) 6% compounded annually: $
(b) 6% comp
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Question 1195609: If 1100 dollars is invested in an account for 10 years. Find the value of the investment at the end of 10 years if the interest is:
(a) 6% compounded annually: $
(b) 6% compounded semiannually: $
(a) 6% compounded quarterly: $
(b) 6% compounded monthly: $
(a) 6% compounded daily (ignore leap years): $ Answer by ikleyn(52790) (Show Source):
