14111cwir10ws.4 - . 89% per year compounded daily or 3 ....

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9. How long will it take an investment to double if it is earning 3 . 5% annual interest compounded monthly? 10. What is the future value of $35,000 invested at 6 . 5% annual interest compounded continuously for 5 years? 11. Which would give you a better return: 3
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Unformatted text preview: . 89% per year compounded daily or 3 . 91% per year compounded quarterly? 12. What is the eective rate of interest of an account that grows from $1,000 to $2,500 in 10 years if the account pays interest that is compounded monthly?...
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This note was uploaded on 03/04/2012 for the course MATH 141 taught by Professor Jillzarestky during the Fall '08 term at Texas A&M.

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