mat104 assignment

1. Find the compound amount for the deposit of $ 7000 at 6% compounded annually for 15 years
2. Felipe Rivera’s savings account has a balance of $ 4969. After 2 years what will the amount of interest be at 5% compounded quarterly?
3. Find the effective rate corresponding to the given nominal rate. Round to the nearest hundredth. Nominal rate: 3% compounded quarterly
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