Find the value of 956$ deposited for 12 years in a account paying 6% anuale interest when it is... 1 compounded quarterly
2componded anualy

Step-by-step explanation:

Compounded interest amount formula:

Given:

1. Compounded quarterly

2. Compounded annually

1. $1953.57

2. $1923.66

Step-by-step explanation:

Compounded interest amount formula:

A = P(1 + r/n)^(nt)

Given:

P = $956

r= 6% = 0.06

. t = 12 years

n = 4 and n = 1

1. Compounded quarterly

A = 956(1 + 0.06/4)^(4*12) = 956(1.015)^48 = 1953.57

2. Compounded annually

· A = 956(1+ 0.06)^12 = 1923.66

c.35

step-by-step explanation:

8+13=21

21+8=29

29+6=35