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What is the balance after one year if an account containing $500 earns 5% annual interest, if the interest is compounded:

(a) annually? : Balance = $

(b) weekly (52 weeks per year)? (Round to the nearest cent): Balance = $

(c) every minute (525,600 per year)? (Round to the nearest cent): Balance = $

(d) continuously? (Round to the nearest cent): Balance = $

 

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