For problems 16 - 18: Chris has $ 3500 that is to be

Last updated: 7/30/2022

For problems 16 - 18: Chris has $ 3500 that is to be invested in an account with 6% interest compounded monthly. Write the formula to calculate the account balance. A =3500e0.005t A =1.06(3500) ¹2t ○ A = 3500(1.005) ¹2t A = 3500(1.06)¹2t A = 3500e1.06t