Question
Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal,
Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal, and r is the annual rate given as a percent. (Round your answers to the nearest cent.) after one year where P = $3400 and r = 3% (a) compounded annually $ 3502 Correct: Your answer is correct. (b) compounded quarterly $ Incorrect: Your answer is incorrect. (c) compounded monthly $ Incorrect: Your answer is incorrect. (d) compounded weekly $ 15813.01 Incorrect: Your answer is incorrect. (e) compounded daily $ 164841263.4 Incorrect: Your answer is incorrect.
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