Find the amount of money in an account after 13 years if 7000 is deposited...

90.2K

Verified Solution

Question

Basic Math

Find the amount of money in an account after 13 years if 7000 is deposited at 7 annual interest compounded a follows a Annually b Semiannually c Quarterly d Daily Use n 365 e Continuously a The account will contain 16 868 92 after 13 years when the interest is compounded annually Simplify your answer Type an integer or decimal rounded to two decimal places as needed b The account will contain after 13 years when the interest is compounded semiannually Simplify your answer Type an integer or decimal rounded to two decimal places as needed

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

Find the amount of money in an account after 13 years if 7000 is deposited at 7 annual interest compounded a follows a Annually b Semiannually c Quarterly d Daily Use n 365 e Continuously a The account will contain 16 868 92 after 13 years when the interest is compounded annually Simplify your answer Type an integer or decimal rounded to two decimal places as needed b The account will contain after 13 years when the interest is compounded semiannually Simplify your answer Type an integer or decimal rounded to two decimal places as needed