## Question

###### Assume that there are no deposits or withdrawals. Comparison of Compounding Methods. An initial deposit of $\$ 5,000$ grows at an annual rate of $8.5 \%$ for 5 years. Compare the final balances resulting from annual compounding and continuous compounding.

Assume that there are no deposits or withdrawals. Comparison of Compounding Methods. An initial deposit of $\$ 5,000$ grows at an annual rate of $8.5 \%$ for 5 years. Compare the final balances resulting from annual compounding and continuous compounding.

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