Question: For problems 16 - 18: Chris has $ 3500 that is to be invested in an account with 6% interest compounded monthly. Write the

For problems 16 - 18: Chris has $ 3500 that is to

For problems 16 - 18: Chris has $ 3500 that is to be invested in an account with 6% interest compounded monthly. Write the formula to calculate the account balance. A = A = 3500e 0.005t 12t A = 1.06(3500) 15 A= A = 3500(1.005) 12t A = 3500(1.06) 12t A = 3500e 1.06t

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