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An investment of $ 3,500 in an account earns 6% per year. Find the current value compounded 12 times per year for 6 years.​

An investment of $ 3,500 in an account earns 6% per year. Find the current value compounded 12 times per year for 6 years.​
asked 6.2k views
18 votes
An investment of $ 3,500 in an account earns 6% per year. Find the current value compounded 12 times per year for 6 years.​

asked
User Michael Johnson
by
7.6k points

2 Answers

2 votes

Answer:

232322.00 the amount after 6 years

answered
User Hangy
by
8.5k points
4 votes

Answer:

3500×1.06 power of 72

232322.003

=$232322.00

answered
User Ssougnez
by
8.1k points
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