Find the total value of $10,000 invested at the following interest rates: a. 3.5% simple interest...

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Find the total value of $10,000 invested at the following interest rates: a. 3.5% simple interest for three years? b. 3.5% interest compounded semi-annually for three years? C. 3.5% interest compounded monthly for three years? d. Why is the answer to 1c more than 1a or lb? 1a. 1b. 1c. Find the total value of $10,000 invested at the following interest rates: a. 3.5% simple interest for three years? b. 3.5% interest compounded semi-annually for three years? C. 3.5% interest compounded monthly for three years? d. Why is the answer to 1c more than 1a or lb? 1a. 1b. 1c.

Answer rating: 100% (QA)

ANSWER a To calculate the total value of 10000 invested at a simple interest rate of 35 for three years we can use the formula Total value Principal P... View the full answer