If we put $300 in a bank account earning 9%/year compounded 10 times per year, how much money will we have at the end of 5 years? How much would that be if the money is compounded continuously?? If continuously, how long will it take until the original amount grows to one million dollars?
year compounded 10 times per year, how much money will we have at the end of 5 years? How much would that be if the money is compounded continuously??…
