Perkins Summers
07/06/2024 · Elementary School
If 1900 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) \( 6.8 \% \) compounded annually: \( \$ \) (b) \( 6.8 \% \) compounded semiannually: \( \$ \) (a) \( 6.8 \% \) compounded quarterly: \( \$ \) (b) \( 6.8 \% \) compounded monthly: \( \$ \) (a) \( 6.8 \% \) compounded daily (ignore leap years): \( \$ \) Round answers to the nearest cent.
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(a) Compounded Annually: \$3310.09
(b) Compounded Semiannually: \$3431.72
(c) Compounded Quarterly: \$3606.77
(d) Compounded Monthly: \$3606.77
(e) Compounded Daily: \$3606.77
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