Helen is opening her first savings account and is depositing $1100. Suppose she decides on a bank that offers 4.5% annual interest to be calculated at the end of each year.
a. Write a function to model the amount of money in Helen's savings account at the end of t years,
compounded k times during the year.
b.
Determine the amount of money in Helen's account at the end of 7 years if it is compounded.
Quarterly
1)
Weekly
III)
Semi-Annually