
Yefim S. answered 07/21/21
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A1 = 8500(1 + 0.047/4)4·5·= $10737..01
A2 = 8400e0.045·5 = $10519.51
Nikki S.
asked 07/21/218500 compounded quarterly at a rate of 4.7% or 8400 compounded continuously at a rate of 4.5%
after 5 years option a will have $_____
after 5 years option b will have $_____
Yefim S. answered 07/21/21
Math Tutor with Experience
A1 = 8500(1 + 0.047/4)4·5·= $10737..01
A2 = 8400e0.045·5 = $10519.51
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