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OpenStudy (anonymous):
John deposited $10,000 today in a bank where the interest rate is 4%. (a) How much will he have after 7 years if the interest is compounded quarterly? (b) How much will he have after 7 years if the interest is compounded continuously? (c) How long does it take to triple his money if the interest is compounded continuously? ****please explain how you got your answers****
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