How long will it take for payments of $350 to accumulate to $12,000 at 3% compounded monthly if made (a) at the end of every three months? (b) at the end of every six months? years and (Type whole...

How long will it take for payments of $350 to accumulate to $12,000 at 3% compounded monthly if made<br>(a) at the end of every three months?<br>(b) at the end of every six months?<br>years and<br>(Type whole numbers. Simplify your answers.)<br>(a) It will take<br>months.<br>(b) It will take<br>(Type whole numbers. Simplify your answers.)<br>years and<br>months.<br>

Extracted text: How long will it take for payments of $350 to accumulate to $12,000 at 3% compounded monthly if made (a) at the end of every three months? (b) at the end of every six months? years and (Type whole numbers. Simplify your answers.) (a) It will take months. (b) It will take (Type whole numbers. Simplify your answers.) years and months.

Jun 03, 2022

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How long will it take for payments of $350 to accumulate to $12,000 at 3% compounded monthly if made (a) at the end of every three months? (b) at the end of every six months? years and (Type whole...

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