A man deposited 1 569 LE in a bank account with an interest rate of per year. Determine how much money was in the account 5 years later, given that the interest was compounded quarterly. Give your answer correct to one decimal place.
An investment account with an annual interest rate of was opened with an initial deposit of . Compare the values of the account after 9 years when the interest is compounded annually, quarterly, monthly, and continuously.
Liam deposits $100 in a savings account that gives him a interest on his savings each month. Daniel has $350 in a cashing account that he withdraws $5 from each month. After how many months do the two have approximately the same bank balance?