SOLUTION: A principal of $7500 is invested in an account paying and annual rate of 7%. Find the amount in the account after 3 years if the account is compounded semiannually, quarterly, and
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Question 644091: A principal of $7500 is invested in an account paying and annual rate of 7%. Find the amount in the account after 3 years if the account is compounded semiannually, quarterly, and monthly.
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
semiannually,$9,219.41
quarterly $9,235.79
monthly $9,246.94
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