Use the compound interest formula to compute the total amount accumulated and the interest earned. $9500 for 3 years at 6.5% compounded monthly The total amount accumulated after 3 years is $. (Round to the nearest cent as needed.)

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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Use the compound interest formula to compute the total amount accumulated and the interest earned.
$9500 for 3 years at 6.5% compounded monthly
O
The total amount accumulated after 3 years is $.
(Round to the nearest cent as needed.)
Transcribed Image Text:O D O O Use the compound interest formula to compute the total amount accumulated and the interest earned. $9500 for 3 years at 6.5% compounded monthly O The total amount accumulated after 3 years is $. (Round to the nearest cent as needed.)
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