Question: Problem # 5 : Suppose that ( $ 7 0 0 0 ) is invested at an annual interest rate of

Problem \#5: Suppose that \(\$ 7000\) is invested at an annual interest rate of \(7\%\). Compute the balance after 5 years if the interest is compounded
(a) annually
(b) semiannually
(c) quarterly
(d) continuously
Problem \#5(a):
Round your answer to 2 decimals.
Problem \#5(b): Round your answer to 2 decimals.
Problem \#5(c): Round your answer to 2 decimals.
Problem \#5(d):
Round your answer to 2 decimals
Submit Problem \#5 for Grading
Note: Your mark on each question will be the MAXIMUM of your marks on each try. (So there is no harm in making another attempt at a partially correct answer.)
Problem \ # 5 : Suppose that \ ( \ $ 7 0 0 0 \ )

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