• Question 9 If 3000 dollars is invested in an account for 10 years. Find 10 years if the interest is: (a) 5% compounded annually: $ (b) 5% compounded semiannually: $ (a) 5% compounded quarterly: $ (b) 5% compounded monthly: $ (a) 5% compounded daily (ignore leap years): $ Round answers to the nearest cent

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
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Home > Remote Math 120 Fall 2021 Section 4004 > Assessment
Homework Assignment: Chapter 6 - Simple and Compound Interes
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Question 9
If 3000 dollars is invested in an account for 10 years. Find the value of the investment at the end of
10 years if the interest is:
(a) 5% compounded annually: $
(b) 5% compounded semiannually: $
(a) 5% compounded quarterly: $
(b) 5% compounded monthly: $
(a) 5% compounded daily (ignore leap years): $
Round answers to the nearest cent.
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P Type here to search
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10I
40
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4+
144
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Transcribed Image Text:lumenohm online homework manager Course Messages Forums Calendar Gradebook Home > Remote Math 120 Fall 2021 Section 4004 > Assessment Homework Assignment: Chapter 6 - Simple and Compound Interes Score: 24/73 6/17 answered Question 9 If 3000 dollars is invested in an account for 10 years. Find the value of the investment at the end of 10 years if the interest is: (a) 5% compounded annually: $ (b) 5% compounded semiannually: $ (a) 5% compounded quarterly: $ (b) 5% compounded monthly: $ (a) 5% compounded daily (ignore leap years): $ Round answers to the nearest cent. I Calculator P Type here to search hp esc 10I 40 4- 4+ 144 %23 %6 & 21 3. 6. 7 60 00
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