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If you deposit 8000 in an account each year for 6 years at

Question: (a) If you deposit $8000 in an account each year for 6 years at the rate of interest 7%, how much do you have immediately after the last deposit? How much do you have 4 years after the last deposit?

(b) Ronald invests money in a project which triples his money in 20 years. Assuming annual compounding of interest, what is the rate of interest? What if you assume continuous compounding?

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Mathematics: If you deposit 8000 in an account each year for 6 years at

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