1)How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded continuously?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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1)How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded

continuously?

2)A sum of money invested now at 10 percent compounded quarterly is to provide payments of

$ 1000 every 3 months for 12 years, the first payment due 3 months from now. How much

should be invested? How much interest will the investment earn? 

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