Solved: Compound Interest A deposit of $1000 is made in an account that earns interest
Chapter 4, Problem 69(choose chapter or problem)
Compound Interest A deposit of $1000 is made in an account that earns interest at an annual rate of 5%. How long will it take for the balance to double if the interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously?
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