Suppose that you have $9000 to invest into an account that pays interest at a rate of 1.95%. Find the future value (rounded to the nearest cent) of the account after 8 years if the account compounds interest: yearly: FV = $ Semi-annually: FV = $ Quarterly: FV = $ Monthly: FV = $ weekly: FV = $ daily: FV = $ hourly: FV = $ please show steps. Thank you

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
Question

Suppose that you have $9000 to invest into an account that pays interest at a rate of 1.95%. Find the future value (rounded to the nearest cent) of the account after 8 years if the account compounds interest:

 

yearly: FV = $

Semi-annually: FV = $

Quarterly: FV = $

Monthly: FV = $

weekly: FV = $

daily: FV = $

hourly: FV = $

 

please show steps. Thank you

 

 

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