COMPOUND INTEREST Use the formulato calculate the balance of an account whenand years
Chapter 5, Problem 89(choose chapter or problem)
COMPOUND INTEREST Use the formulato calculate the balance of an account whenand years, and compounding is done(a) by the day, (b) by the hour, (c) by the minute, and(d) by the second. Does increasing the number ofcompoundings per year result in unlimited growth ofthe balance of the account? Explain.
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