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Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions.$\$ 27,500$ invested at $3.95 \%$ annual interest for 5 years compounded (a) daily $(n=365) ;$ (b) continuously

(a) $\$ 33,504.35$(b) $\$ 33,504.71$

Algebra

Algebra 2

Chapter 5

Inverse, Exponential, and Logarithmic Functions

Section 2

Exponential Functions

Exponential and Logarithmic Functions

inverse functions

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