Complete the table to determine the effect of the number of compounding periods when computing interest. Suppose that $19,000 is invested at 4% interest for 18 yr under the following compounding options. Round answers in the second column to the nearest whole number. Round answers in the last column to the nearest cent. Compounding Option n Value Result (a) Annually n = $ $ EA (b) Quarterly (c) Monthly (d) Daily n n = 365 $ 69 EA (e) Continuously Not Applicable $ EA Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding. Determine the amount that the investment is worth at the end of the given time period. P= $6000, t=10 yr (a) 3% interest (b) 4% interest (c) 4.5% interest Part: 0/3 Part 1 of 3 (a) At 3% interest rate, the investment will be worth $ at the end of 10 yr. Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding. Determine the amount that the investment is worth at the end of the given time period. P=$18,000, t = 11 yr (a) 3% interest (b) 4% interest (c) 5.5% interest Part: 0/3 Part 1 of 3 (a) At 3% interest rate, the investment will be worth $ at the end of 11 yr. X E