Solved: Annuities In Exercises 8790, consider making monthly deposits of dollars in a

Chapter 9, Problem 89

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Annuities In Exercises 87–90, consider making monthly deposits of P dollars in a savings account at an annual interest rate r. Use the results of Exercise 84 to find the balance A after t years when the interest is compounded (a) monthly and (b) continuously.

P = $100, r = 4%, t = 35 years

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