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PLEASE HELP‼️ You deposit $400 in an account that pays 5% annual interest How long will it take for the balance to double for each frequency of compounding? a. annually b. quarterly c. daily d. continuously
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PLEASE HELP‼️

You deposit $400 in an account that pays 5% annual interest How long will it take for the balance to double for each frequency of compounding?
a. annually
b. quarterly
c. daily
d. continuously
I NEED AN ANSWER for ALL 4‼️‼️‼️‼️‼️

User Francis Cugler
by
4.3k points

2 Answers

6 votes

Answer: hi lissette

Explanation:

User Natily
by
5.2k points
7 votes

Answer:

Explanation:

Annually: 14.21 years

Quarterly: 13.95 years

Daily: 13.86 years

Continuously: 13.86 years

:)

User Pakage
by
4.5k points
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