- 11 An Initial Deposit Of 36 000 Grows At An Annual Rate Of 9 For 20 Years Compare The Final Balances Resulting From 1 (17.55 KiB) Viewed 46 times
11. An initial deposit of $36,000 grows at an annual rate of 9% for 20 years. Compare the final balances resulting from
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11. An initial deposit of $36,000 grows at an annual rate of 9% for 20 years. Compare the final balances resulting from
11. An initial deposit of $36,000 grows at an annual rate of 9% for 20 years. Compare the final balances resulting from continuous compounding and semiannual compounding. Round the answers to the nearest cent.