Find the total amount in each account to the nearest cent if the interest is compounded annually.

1.) $595 at 4.75% for 3 years

2.) $12,000 at 6.95% for 4 years



Respuesta :

A=$595×(1+.0475÷1)^3=$683.88
A=$12000(1+.0695÷1)^4=$15,700.17