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Solve the problem. Brad invests $3700in an account paying3.5% compounded quarterly. How much is in the account after15months?
Solve the problem.
Brad invests $3700 in an account paying 3.5% compounded quarterly. How much is in the account after 15 months?(5pts)
$3740.51
$4394.44
$3864.73
$3862.58
17)
Solve the problem.
John Lee's savings account has a balance of $3856. After 2 years, what will the amount of interest be at 4% compounded semiannually?
(5pts)
$317.86
$308.48
$155.78
$314.65
18)
Solve the problem.
Andrea Gilford's savings account has a balance of $453. After 2 years, what will the amount of interest be at 4% compounded quarterly?
(5pts)
$9.06
$42.53
$37.53
$28.53
19)
Solve the problem.
Sumi Kato's savings account has a balance of $624. After 14 years what will the amount of interest be at 1.5% compounded annually?
(5pts)
$144.62
$150.62
$873.60
$133.62
