Suppose an investor deposits $21,000 into a savings account

Last updated: 7/14/2022

Suppose an investor deposits $21,000 into a savings account for 4 years at 8.5% interest. Find the total amount of money in the account if the interest is: 1. Compounded annually, then the investment is worth 2. Compounded quarterly, then the investment is worth 3. Compounded monthly, then the investment is worth 4. Compounded weekly, then the investment is worth after 4 years. after 4 years. after 4 years. after 4 years. 5. Compounded daily, then the investment is worth after 4 years. Round your answers to the nearest cent. Use a dollar sign to indicate that your answer is a monetary value.