Question

Determine how much is in each account on the basis of the indicated compounding after the...

Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal, and r is the annual rate given as a percent. (Round your answers to the nearest cent.)

after one year where P = $4500 and r = 3.9%

(a) compounded annually
$  

(b) compounded quarterly
$  

(c) compounded monthly
$

(d) compounded weekly
$

(e) compounded daily
$

Math   Statistics-And-Probability   
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Answer #1

Let A be the amount at the end of the year. Then

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