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You deposit $3000 in an account that earns 7% interest compounded semiannually . After 10 years, the interest rate changes to 7.25% compounded quarterly. What will be the value of the account after 16
Pepster
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Jun 11, 2022
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You deposit $3000 in an account that earns 7% interest compounded semiannually . After 10 years, the interest rate changes to 7.25% compounded quarterly. What will be the value of the account after 16 total years?
Mathematics
high-school
Pepster
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Jun 11, 2022
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Answer:
see the images below
Timothy Lawman
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Jun 17, 2022
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Timothy Lawman
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