Math Solutions

(Steps Shown) A principal of $6000 is invested in an account paying an annual rate of 4%. Find the amount in the account, after 3 years if the account is

Question: A principal of $6000 is invested in an account paying an annual rate of 4%. Find the amount in the account, after 3 years if the account is compounded semiannually. quarterly, and monthly.

  1. The amount: in the account after 3 years if the account is compounded semiannually is $
  2. The amount in the account after 3 years if the account is compounded quarterly is
  3. The amount in the: account after 3 years if the account is compounded monthly is

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