Question 1175393
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Hi
 In General {{{A(t) = P(1+r/n)^(nt)}}}
A = Accumulated Amount
P= principal = 3000
r= annual rate = .06
n= periods per year = 12
t= years =15
{{{A(t) = 3000(1+ .06/12)^(180)}}}
{{{A(t) = 3000(1.005)^(180)}}} = $7362.28                                      
                                                                        
 Wish You the Best in your Studies.
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