Modeling Review WS Name 1. You deposit $1500 in an account that earns 6% annual interest. Find the balance after 1 year if this interest is compounded with the given frequencies. Be sure to state the value of each variable, substitute those values in the formula and calculate. a) annually b) semiannually c) quarterly

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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Modeling Review WS
Name
1. You deposit $1500 in an account that earns 6% annual interest. Find the balance after 1 year if this interest is
compounded with the given frequencies. Be sure to state the value of each variable, substitute those values in the
formula and calculate.
a) annually
b) semiannually
c) quarterly
Transcribed Image Text:12 delete retu Modeling Review WS Name 1. You deposit $1500 in an account that earns 6% annual interest. Find the balance after 1 year if this interest is compounded with the given frequencies. Be sure to state the value of each variable, substitute those values in the formula and calculate. a) annually b) semiannually c) quarterly
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