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OpenStudy (anonymous):
If 5000 dollars is invested in a bank account at an interest rate of 7 per cent per year, find the amount in the bank after 9 years if interest is compounded annually ___? Find the amount in the bank after 9 years if interest is compounded quaterly ? Find the amount in the bank after 9 years if interest is compounded monthly? Finally, find the amount in the bank after 9 years if interest is compounded continuously?
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