Problemsuppose you have 10000 in an account earning 5, Ask an Expert

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Problem:

Suppose you have $10,000 in an account earning 5% interest. How much money will you have in 5 years if:

a) you get simple interest?
b) you get interest compounded annually?
c) you get interest compounded weekly (52 times a year)?
d) you get interest compounded continuously?

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162690

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