To what amount will $10,000 grow after 25 years if it earns: a) 4% compounded annually? b) 4% compounded semi-annually? c) 4% compunded quarterly? d) 4% compounded monthly?
To what amount will $10,000 grow after 25 years if it earns: a) 4% compounded annually? b) 4% compounded semi-annually? c) 4% compunded quarterly? d) 4% compounded monthly?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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| To what amount will $10,000 grow after 25 years if it earns: | |
| a) 4% compounded annually? | |
| b) 4% compounded semi-annually? | |
| c) 4% compunded quarterly? | |
| d) 4% compounded monthly? |
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