7. A principal of $6500 is invested in an account paying an annual rate of 5%. Find the amount in the account after 3 years if
the account is compounded semiannually, quarterly, and monthly.
(a) The amount in the account after 3 years if the account is compounded semiannually is $
(Round to the nearest cent.)
(b) The amount in the account after 3 years if the account is compounded quarterly is
$
(Round to the nearest cent.)
(c) The amount in the account after 3 years if the account is compounded monthly is
$
(Round to the nearest cent.)