SOLUTION: Find the amount after 3 years if $700 is invested at 17% compound a) annually b)semiannually C)Quarterly D) Monthly

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Question 734570: Find the amount after 3 years if $700 is invested at 17% compound
a) annually
b)semiannually
C)Quarterly
D) Monthly
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A)
FV=700(1.17)^3
B)
FV=700(1+0.17/2)^3*2
C)
FV=700(1+0.17/4)^^3*4
D)
FV=700(1+0.17/12)^3*12
You do the math.