If $14,000 is invested and interest is compounded quarterly, determine the amount of the investment after 3 years for the given interest rates. (Round your answers to two decimal places.) (a) 7% $ _____________ (b) 5.5% $ _____________ (c) 5% $ _____________ (d) 4.5% $ _______

If $14,000 is invested and interest is compounded quarterly, determine the amount of the investment after 3 years for the given interest rates. (Round your answers to two decimal places.) (a) 7% $ _______ (b) 5.5% $ _ (c) 5% $ _ (d) 4.5% $ _

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter13: Sequences And Series

Section13.CR: Chapter Review

Problem 65E

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Question

If $14,000 is invested and interest is compounded quarterly, determine the amount of the investment after 3 years for the given interest rates. (Round your answers to two decimal places.)

(a) 7%
$ _____________

(b) 5.5%
$ _____________

(d) 4.5%
$ _____________

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