Two accounts each begin with a deposit of $5000. Both accounts have rates of 5.7 %, but one account compounds interest once a year while the other account compounds interest continuously. Show the amount in each account and the interest earned after one year, five years, ten years, and 20 years.
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Home » Mathematics » Two accounts each begin with a deposit of $5000. Both accounts have rates of 5.7 %, but one account compounds interest once a year while the other account compounds interest continuously.