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Problem 6-16 What will a deposit of $3,500 left in the bank be worth under the following conditions? Left for nine years at 7% interest.
Problem 6-16
What will a deposit of $3,500 left in the bank be worth under the following conditions?
Left for nine years at 7% interest. Round the answer to the nearest cent. $
Left for six years at 10% compounded semiannually. Round the answer to the nearest cent. $
Left for five years at 8% compounded quarterly. Round the answer to the nearest cent. $
Left for 10 years at 12% compounded monthly. Round the answer to the nearest cent. $
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