4. Mary discovers a bank account her parents left for her that was opened when she was born 50 years ago. The statement she found states that $100 was deposited into an account earning 1.8% annual interest. a. What is her balance if her account was compounded quarterly? b. What if it was compounded daily?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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4. Mary discovers a bank account her parents left for her that was opened when she
was born 50 years ago. The statement she found states that $100 was deposited into
an account earning 1.8% annual interest.
a. What is her balance if her account was compounded quarterly?
b. What if it was compounded daily!
MAY
21
Transcribed Image Text:1 4. Mary discovers a bank account her parents left for her that was opened when she was born 50 years ago. The statement she found states that $100 was deposited into an account earning 1.8% annual interest. a. What is her balance if her account was compounded quarterly? b. What if it was compounded daily! MAY 21
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