You have $12,000 to invest. Calculate how much you would have after 30 years, if you invest the money in an account earning….. a) 4% simple interest. (Round to the nearest cent, if necessary.) [Select] b) 4 %, compounded monthly. (Round to the nearest cent, if necessary.) [Select] c) 4 %, compounded continuously. (Round to the nearest cent, if necessary.) [Select]
You have $12,000 to invest. Calculate how much you would have after 30 years, if you invest the money in an account earning….. a) 4% simple interest. (Round to the nearest cent, if necessary.) [Select] b) 4 %, compounded monthly. (Round to the nearest cent, if necessary.) [Select] c) 4 %, compounded continuously. (Round to the nearest cent, if necessary.) [Select]
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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![You have $12,000 to invest. Calculate how much you would have after 30 years, if you invest
the money in an account earning…..
a) 4% simple interest. (Round to the nearest cent, if necessary.)
[Select]
b) 4 %, compounded monthly. (Round to the nearest cent, if necessary.)
[Select]
c) 4 %, compounded continuously. (Round to the nearest cent, if necessary.)
[Select]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe4c08af9-5d4b-4492-bc1d-f80f84af0110%2F98ddb73a-e4fb-422a-9686-46ba79ae0ab5%2Fhb5bdk6_processed.png&w=3840&q=75)
Transcribed Image Text:You have $12,000 to invest. Calculate how much you would have after 30 years, if you invest
the money in an account earning…..
a) 4% simple interest. (Round to the nearest cent, if necessary.)
[Select]
b) 4 %, compounded monthly. (Round to the nearest cent, if necessary.)
[Select]
c) 4 %, compounded continuously. (Round to the nearest cent, if necessary.)
[Select]
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