If Uptown clinic invested $3,000 in excess cash today, what would be the value of its investment at the end of three years: a. At a 16 percent annual rate compounded semiannually? b. At a 16 percent...

If Uptown clinic invested $3,000 in excess cash today, what would be the value of its investment at the end of three years:

a. At a 16 percent annual rate compounded semiannually?

b. At a 16 percent annual rate compounded quarterly?

If Summit Hospital invested $10,000 in excess cash today, what would be the value of its investment at the end of three years:

a. At an 8 percent annual rate compounded semiannually?

b. At an 8 percent annual rate compounded quarterly?