Register
$3,200 is invested in an account that pays 3.8% annual interest. Find the value of the account after 6 years if the interest is 1) compounded quarterly 2) compounded continuously.
34.4k views
6 votes
$3,200 is invested in an account that pays 3.8% annual interest.

Find the value of the account after 6 years if the interest is
1) compounded quarterly 2) compounded continuously.

User Mehmet Ali Vatanlar
by
3.5k points

1 Answer

5 votes

Answer:

See attached picture

Explanation:

See attached picture

$3,200 is invested in an account that pays 3.8% annual interest. Find the value of-example-1
User Cpres
by
3.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.4m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
Link Copied!