Annual interest compounded continuously
Course:- Microeconomics
Reference No.:- EM13693953

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1. If you deposit $4500 at 5% annual interest compounded continuously, how much money will be in the account after 10 years?

2. If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account?

3. How much money would you need to deposit today at 5% annual interest compounded monthly to have $20000 in the account after 9 years?

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