ravynaguirre13p6a3ux ravynaguirre13p6a3ux

09-07-2022
Mathematics

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A principal of $5500 is invested in an account paying an annual rate of 7%. Find the amount in the account after 4 years if the account is compounded semiannually, quarterly, and monthly.

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wengfai wengfai

09-07-2022

Answer:

Formulae is Future value, see in picture I've done example 1 for u.

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