Compound Interest A principal of $\$ 2500$ is invested at 4$\%$ interest. Find the amount after 20 years if the interest is compounded (a) annually, (b) semiannually, (c) quarterly, (d) monthly, and (e) daily.
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04$) - $n$ is the number of times the interest is compounded per year - $t$ is the number of years (20 years) Show more…
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