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masha68 [24]
3 years ago
5

You decide to invest a total of $1500 in a money market account at an annual interest rate of 3.4%.

Mathematics
1 answer:
FrozenT [24]3 years ago
4 0

Answer:

1) $1966.62

2) $1968.12

3) $1968.88

Step-by-step explanation:

1) 1500 × (1 + .034/4)³²

= 1966.618592

2) 1500 × (1 + .034/12)⁹⁶

= 1968.123402

3) 1500 × (e^(8×0.0314))

= 1968.880502

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