Question
Find the value of $15,000 at the end of one year if it is invested in an account that has an interest rate of 3.60%
Find the value of $15,000 at the end of one year if it is invested in an account that has an interest rate of 3.60% and is compounded in accordance with the rules below.a. compounded monthlyb. compounded daily (assuming a 365-day year)c. compounded quarterlya. What is the value if the money is compounded monthly?(Do not round until the final answer. Then round to the nearest cent as needed.)b.What is the value if the money is compounded daily?$(Do not round until the final answer. Then round to the nearest cent as needed.)c. What is the value if the money is compounded quarterly?$(Do not round until the final answer. Then round to the nearest cent as needed.)
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