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$3,200 is invested in an account that pays 3.8% annual interest. Find the value of the account after 6 years if the interest is 1) compounded quarterly 2) compounded continuousl…

$3,200 is invested in an account that pays 3.8% annual interest. Find the value of the account after 6 years if the interest is 1) compounded quarterly 2) compounded continuousl…
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6 votes
$3,200 is invested in an account that pays 3.8% annual interest.

Find the value of the account after 6 years if the interest is
1) compounded quarterly 2) compounded continuously.

asked
User Mehmet Ali Vatanlar
by
7.9k points

1 Answer

5 votes

Answer:

See attached picture

Explanation:

See attached picture

$3,200 is invested in an account that pays 3.8% annual interest. Find the value of-example-1
answered
User Cpres
by
8.3k points
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