Cathy invest $3,700 into an account with a 3.75% annual interest rate, making no other deposits or withdrawals. a) what with cathy’s balance be after 6 years if the interest rate is compounded quarterly?

Cathy invest $3,700 into an account with a 3.75% annual interest rate, making no other deposits or withdrawals.

a) what with cathy’s balance be after 6 years if the interest rate is compounded quarterly?

b) how much more (or less) money would be in cathy’s account if the interest is compounded continuously?

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Cathy invest $3,700 into an account with a 3.75% annual interest rate, making no other deposits or withdrawals. a) what with cathy’s balance be after 6 years if the interest rat…

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