Suppose an investor deposits $28,000 into an account for

Last updated: 7/20/2022

Suppose an investor deposits $28,000 into an account for which interest is compounded monthly. Find the amount of money in the account after 6 years using the following interest rates. 1. If r = 3.5%, then the investment is worth after 6 years. 2. If r = 5.5%, then the investment is worth after 6 years. 3. If r = 7%, then the investment is worth after 6 years. 4. If r = 9%, then the investment is worth after 6 years. • Round your answers to the nearest cent. Use a dollar sign to indicate that your answer is a monetary value.