Aar $18$

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None of the above.

Question $3$

$2$ pts

One thousand dollars, deposited into an account that pays interest monthly, is allowed to remain in the account for $3$ years. If the annual interest rate is $6\%$ the balance at the end of the $3$ years is closet to which of the following.

$$ $$1180$

$$ $$1191$

$$1197$

$$ $$2898$

None of the above.

Question $4$

$2$ pts

The amount of money accumulated in $5$ years with an initial deposit of $$10,000,$ if the account earned $12\%$ compounded monthly the first $3$ years and $15\%$ compounded semiannually the last $2$ years, is closest to which of the following.