An investment of $3000 is deposited into an account in which interest is compounded monthly. Complete the table by filling in the amounts to which the investment grows at the indicated interest rates. (Round your answers to the nearest cent.) t = 4 yr Rate per year Amount 1% $ 2% 3% 2$ 4% 5% $ 6% $

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A: Given that: Amount A=$15500 Time, t=10 months, Rate of interest, r=2%

Q: An investment of $3000 is deposited into an account in which interest is compounded monthly.…

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A: we have given P=$42,000,r=234%,t=7A=P1+r4t×4=420001+2316007×4=420001.01437528=62633.737981

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Q: Use the compound interest formulas A= and A=Pe" to solve the problem given. Round answers to the…

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Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

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Q: An investment of $5000 is deposited into an account in which interest is compounded monthly.…

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