If you plan to deposit $500 in one of the following acconts and leave it for 10 years, which option would give you the MOST interest at the end of the 10 years? 3% simple interest 3% compounded monthly 3% compounded quarterly 3% compounded daily I'm wanting to say it is daily, but I'm not understanding this
If you plan to deposit $500 in one of the following acconts and leave it for 10 years, which option would give you the MOST interest at the end of the 10 years? 3% simple interest 3% compounded monthly 3% compounded quarterly 3% compounded daily I'm wanting to say it is daily, but I'm not understanding this
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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If you plan to deposit $500 in one of the following acconts and leave it for 10 years, which option would give you the MOST interest at the end of the 10 years?
-
3% simple interest
-
3% compounded monthly
-
3% compounded quarterly
-
3% compounded daily
I'm wanting to say it is daily, but I'm not understanding this
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