Question
3. A deposit of ___(i)___is made into an account paying an interest rate of 5% compounded annually. How many annual payments of ___(iii)___can be made from this account?
a) (i)$100,000 (ii)$10,000
b) (i)$200,000 (ii)$20,000
c) (i) 10x (ii) x
d) (i) 10x (ii) x at r% compounded continuously
a) (i)$100,000 (ii)$10,000
b) (i)$200,000 (ii)$20,000
c) (i) 10x (ii) x
d) (i) 10x (ii) x at r% compounded continuously