15.Suppose that you invest $2,500 in an account that makes

Last updated: 7/19/2022

15.Suppose that you invest $2,500 in an account that makes 3% annual interest compounded monthly. Use the formula A = P(1+r/n)^nt to answer the following questions. a) How much money will be in the account after 6 years? b) How much money will be in the account after 4 months? c) How long will it take for the account to reach a balance of $7,000?