A freelance artist is paid $3,520 for a contracted job. The money is invested in a savings account earning 3.05% annual interest compounded monthly. What is the total account balance after 6 months? The image presents a list of four options, each accompanied by a radio button for selection. The options display monetary values, which are as follows:1. $3,573.682. $3,574.023. $3,628.874. $4,225.89Each value is displayed next to a circular radio button, indicating that only one selection can be made at a time. There are no graphs or additional diagrams included in the image.

Paid amount = $3520Rate = 3.05 %Time = 6 months = 1/2 years Compunded monthly Formula for compounded…

Answered: A freelance artist is paid $3,520 for a…

A freelance artist is paid $3,520 for a contracted job. The money is invested in a savings account earning 3.05% annual interest compounded monthly. What is the total account balance after 6 months?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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A freelance artist is paid $3,520 for a contracted job. The money is invested in a savings account earning 3.05% annual interest compounded monthly. What is the total account balance after 6 months?

The image presents a list of four options, each accompanied by a radio button for selection. The options display monetary values, which are as follows:

1. $3,573.68
2. $3,574.02
3. $3,628.87
4. $4,225.89

Each value is displayed next to a circular radio button, indicating that only one selection can be made at a time. There are no graphs or additional diagrams included in the image.

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