11. An initial deposit of $36,000 grows at an annual rate of 9% for 20 years. Compare the final balances resulting from
Posted: Fri Jul 01, 2022 5:27 am
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.