lissetteprado54 lissetteprado54

02-06-2020
Mathematics

contestada

PLEASE HELP‼️
You deposit $400 in an account that pays 5% annual interest How long will it take for the balance to double for each frequency of compounding?
a. annually
b. quarterly
c. daily
d. continuously
I NEED AN ANSWER for ALL 4‼️‼️‼️‼️‼️

Respuesta :

cwaligore cwaligore

02-06-2020

Answer: hi lissette

Step-by-step explanation:

Answer Link

carrieboyd carrieboyd

04-06-2020

Answer:

Step-by-step explanation:

Annually: 14.21 years

Quarterly: 13.95 years

Daily: 13.86 years

Continuously: 13.86 years

:)

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