$7000 are invested in a bank account at an interest rate of

Last updated: 7/22/2022

$7000 are invested in a bank account at an interest rate of 7 percent per year. Find the amount in the bank after 11 years if interest is compounded annually. Find the amount in the bank after 11 years if interest is compounded quaterly. Find the amount in the bank after 11 years if interest is compounded monthly. Finally, find the amount in the bank after 11 years if interest is compounded continuously.