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Compound Interest

Author:
Kara Babcock, shanlee
$5000 is invested at an interest rate of 3% p.a. Find the value of the investment after 5 years (to the nearest cent), if the interest is compounded: a) Annually. b) Semiannually. c) Monthly. d) Daily. e) Hourly. What do you notice about the rate of change in the investment value?

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