Solved: In Exercises 101104, consider making monthly deposits of P dollars in a savings
Chapter 9, Problem 104(choose chapter or problem)
In Exercises 101–104, consider making monthly deposits of P dollars in a savings account earning an annual interest rate r. Use the results of Exercises 99 and 100 to find the balances A after t years when the interest is compounded (a) monthly and (b) continuously.
P = $20, r = 6%, t = 50 years
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