18.3: Interest Calculations Here are three expressions and three descriptions. In each case, $1,000 has been put in an interest-bearing bank account. No withdrawals or other deposits (aside from the earned interest) are made for 6 years. • 7% annual interest compounded semi-annually • 7% annual interest compounded monthly 72 0.07 1,000 (1+ 12 12 0.07 • 7% annual interest compounded every two months ● 1,000 1+ 2 6 12 • 1,000. 0.07 ((1+ a07)") * 12 Sort the expressions and descriptions that represent the same amounts of interest into groups. One group contains more than two expressions. One of the descriptions does not have a match. Write an expression that matches it.
