SOLUTION: You deposit $3000 in a bank account that pays 6% annual interest. Find the balance in the account after 10 years if the interest is compounded:
a. daily
b. by the hour
c. by the
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-> SOLUTION: You deposit $3000 in a bank account that pays 6% annual interest. Find the balance in the account after 10 years if the interest is compounded:
a. daily
b. by the hour
c. by the
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Question 732714: You deposit $3000 in a bank account that pays 6% annual interest. Find the balance in the account after 10 years if the interest is compounded:
a. daily
b. by the hour
c. by the minute
d. by the second
Please show work. Any help would be greatly appreciated; thanks in advance. Answer by solver91311(24713) (Show Source):
