The coastal town of Olaspen offers various exotic water spor…

The coastal town of Olaspen offers various exotic water sports and hiking expeditions to its tourists. The town government of Olaspen advertises its adventure tourism in travel magazines, newspapers, and on the television in neighboring countries. Which of the following marketing strategies does this scenario best illustrate?

You deposit $7,500 in an account with a 2.75% interest rate…

You deposit $7,500 in an account with a 2.75% interest rate and monthly compounding.  Find the balance in the account after 3 years. DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem.  Round your final answer to two decimal places.