Two accounts each began with a deposit of $10,000. Both accounts have rates of 6.5%, but one account compounds interest once a year while the other account compounds interest continuously. Make a table that shows the amount in each account and the interest earned after one year, five, years, ten years, and 20 years.
What is the amount in the account that Compounds Once a Yearafter one year?
What is the amount in the account that Compounds Once a Yearafter five years
What is the amount in the account that Compounds Once a Yearafter ten years?
What is the amount in the account that
Compounds Once a Yearafter
twenty years?
What is the amount in the account that Compounds Continuouslyafter one year?
What is the amount in the account that Compounds Continuouslyafter five years?
What is the amount in the account that Compounds Continuouslyafter ten years?
What is the amount in the account that Compounds Continuouslyafter twenty years?
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