(a) If $1000 is borrowed at 8% interest, nd the amounts due at the end of 3 years if the
Chapter 7, Problem 18(choose chapter or problem)
(a) If $1000 is borrowed at 8% interest, nd the amounts due at the end of 3 years if the interest is compounded (i) annually, (ii) quarterly, (iii) monthly, (iv) weekly, (v) daily, (vi) hourly, and (vii) continuously. ; (b) Suppose $1000 is borrowed and the interest is compounded continuously. If is the amount due after years, where , graph for each of the interest rates 6%, 8%, and 10% on a common screen.
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