cbehunter05
07.12.2021 •
Mathematics
First National Bank is offering 4.25% interest on an account. Susan makes an
initial deposit of $20,000. Calculate the interest camed over 20 years if the
bank...
a) Calculates the interest using simple interest (I -- Prt).
b) Calculates the interest using compound interest compounded annually.
c) Calculates the interest using compound interest compounded quarterly.
d) Calculates the interest using compound interest compounded monthly.
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