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If you invest $3,500 in an account that pays 2.5% interest rate for 4 years. What is your account balance? 7. If the interest compounded monthly? A) $3786.70 B) $3867.70 C) $3687.90 D) $3768.90 8. If the interest compounded continuously? A) $3886.10 B) $3688.10 C) $3868.10 D) $3786.10

If you invest $3,500 in an account that pays 2.5% interest rate for 4 years. What is your account balance? 7. If the interest compounded monthly? A) $3786.70 B) $3867.70 C) $3687.90 D) $3768.90 8. If the interest compounded continuously? A) $3886.10 B) $3688.10 C) $3868.10 D) $3786.10

Advanced Engineering Mathematics
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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If you invest $3,500 in an account that pays 2.5% interest rate for 4 years. What is your account balance? 7. If the interest compounded monthly? A) $3786.70 B) $3867.70 C) $3687.90 D) $3768.90 8. If the interest compounded continuously? A) $3886.10 B) $3688.10 C) $3868.10 D) $3786.10
Transcribed Image Text:If you invest $3,500 in an account that pays 2.5% interest rate for 4 years. What is your account balance? 7. If the interest compounded monthly? A) $3786.70 B) $3867.70 C) $3687.90 D) $3768.90 8. If the interest compounded continuously? A) $3886.10 B) $3688.10 C) $3868.10 D) $3786.10
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