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  3. suppose an investor deposits $28,000 into an accou

Suppose an investor deposits $28,000 into an account for which interest is compounded monthly. Find...

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Basic Math

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Suppose an investor deposits $28,000 into an account for which interest is compounded monthly. Find the amount of money in theaccount after 6 years using the following interest rates.1. If r = 3.5%, then the investment is worth after 6 years.2. If r = 5.5%, then the investment is worth after 6 years.3. If r = 7%, then the investment is worth after 6 years.4. If r = 9%, then the investment is worth after 6 years. Round your answers to the nearest cent.Use a dollar sign to indicate that your answer is a monetary value.

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