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A) Calculate the compound amount. Use thecompound amount formula and a calculator. (Round your answer to twodecimal places.)P = 2700, r = 8% compoundedmonthly, t = 10 yearsB) Calculate the future value. (Round youranswer to two decimal places.)P =8000, r = 7.5% compoundedquarterly, t = 6 yearsC) Calculate the present value. (Roundyour answer to two decimal places.)A = 35,000, r = 15% compoundedquarterly, t = 18 years

A) Calculate the compound amount. Use thecompound amount formul…

SOLVED:Find the compound amount for the deposit and the amount ofinterest earned.$7400 at 3% compounded quarterly for 3 yearsIdentify the formula needed to find the compound amount,and substitute the appropriate values into it. Select the correctanswer below, and fill in any answer boxes within yourchoice.A. A=e0.03B. A=1 0.03C. A=1 0.03The compound amount after 3 years is $ ? (Do not round until the final answer. Then round to the nearestcent as needed.)The amount of interest earned is $ ?.(Do

SOLVED:Find the compound amount for the deposit and the a…

Using the formula, calculate the amount and the compound intere... | Filo

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Exercise 8.3 1. Without using the formula of compound interest,... | Filo

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