# SOLUTION: Suppose that 5,700 is invested at 5% annual intrest rate, compounded monthly how much money will be in the account in 4 months? and in 3 years [round to the nearest cent]

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 Click here to see ALL problems on Money Word Problems Question 427966: Suppose that 5,700 is invested at 5% annual intrest rate, compounded monthly how much money will be in the account in 4 months? and in 3 years [round to the nearest cent] how many years will it take 7,000 to grow to 11,500 if it is invested at 9% compounded quarterly? and compounded daily?Answer by rfer(12654)   (Show Source): You can put this solution on YOUR website!A=5700(1+0.05/12)^4 A=5700(1+0.05/12)^12*3 11500=7000(1+0.09/4)^4n 11500=7000(1+0.09/365)^365n