Solved: Annuities In Exercises 111114, consider making monthly deposits of dollars in a

Chapter 9, Problem 113

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Annuities In Exercises 111114, consider making monthly deposits of dollars in a savings account at an annual interest rate Use the results of Exercise 110 to find the balance after years if the interest is compounded (a) monthly and (b) continuously.P $100, r 4%, t 40 years P

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