Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions. $42,000 invested at 2% annual interest for 3 years compounded (a) annually; (b) semiannually
(a) If the interest is compounded annually, there will be $ in the account after 3 years. (Do not round until the final answer. Then round to the nearest cent as needed.)
(b) If the interest is compounded semiannually, there will be $ in the account after 3 years. (Do not round until the final answer. Then round to the nearest cent as needed.)