Use the appropriate compound interest formula to find the amount that will be in each
account, given the stated conditions.
2.
$37,000 invested at 2% annual interest for 3
years compounded (a) annually; (b)
semiannually
2
(a) If the interest is compounded annually,
there will be $ in the account after 3 years.
(Do not round until the final answer. Then
round to the nearest cent as needed.)