For example

John invests $37,500 at an annual interest rate of 8.5%. What will his balance be after seven years if the balance is compounded quartelrly? Compounded monthly? compounded continuously?

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- Nov 28th 2011, 06:41 AMvk985How do you solve word problems with Logarithms?
For example

John invests $37,500 at an annual interest rate of 8.5%. What will his balance be after seven years if the balance is compounded quartelrly? Compounded monthly? compounded continuously?