If $34,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.4: Logarithmic Functions
Problem 28E
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If $34,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)

(d) monthly
2$
(e) daily (N = 360)
24
(f) every minute (N = 525,600)
(g) continuously
24
(h) simple (not compounded)
24
Transcribed Image Text:(d) monthly 2$ (e) daily (N = 360) 24 (f) every minute (N = 525,600) (g) continuously 24 (h) simple (not compounded) 24
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