Ask Question

Two accounts each begin with a deposit of $5000. Both accounts have rates of 5.7 %, but one account compounds interest once a year while the other account compounds interest continuously. Show the amount in each account and the interest earned after one year, five years, ten years, and 20 years.

+4
Answers (1)
  1. Today, 08:57
    0
    The answer for 1 year is 1,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Two accounts each begin with a deposit of $5000. Both accounts have rates of 5.7 %, but one account compounds interest once a year while ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers