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Use technology to compute the balance in each of the following accounts. a. An account with monthly compounding, an APR of 4%, and an initial
Use technology to compute the balance in each of the following accounts. a. An account with monthly compounding, an APR of 4%, and an initial deposit of $3000, after 6 years b. An account with monthly compounding, an APR of 4.7%; and an initial deposit of $900, after 25 years c. An account with daily compounding, an APR of 3.75%, and an initial deposit of $700, after 49 years a. After 6 years, the balance obtained by investing $3000 at a rate of 4% with monthly compounding, will be s (Round to the nearest cent as needed.) am b. After 25 years he balance obtained by investing S900 at a rate of 4.7% with monthly compounding, will be s (Round to the nearest cent as needed.) c. After 49 years, the balance obtained by investing $700 at a rate of 3.75% with daily compounding, will be $ (Round to the nearest cent as needed.) ebc tent
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