Question: Chance Carter | 07/15/20 .. . Test: Chapter 4 Exam Time Remaining: 01:24:01 Sul This Question: 1 pt 7 of 18 (3 complete) This Test:

Chance Carter | 07/15/20 .. . Test: Chapter 4 Exam Time Remaining: 01:24:01 Sul This Question: 1 pt 7 of 18 (3 complete) This Test: 18 pts Next Question Use the compound interest formulas A= P |1+ . | and A = P e" to solve the problem given Round answers to the nearest cent Find the accumulated value of an investment of $15,000 for 7 years at an interest rate of 7% if the money is a. compounded semiannually; b. compounded quarterly, c. compounded monthly; d. compounded continuously a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) b. What is the accumulated value if the money is compounded quarterly? V (Round your answer to the nearest cent Do not include the $ symbol in your answer.) c. What is the accumulated value if the money is compounded monthly? (Round your answer to the nearest cent Do not include the S symbol in your answer) d. What is the accumulated value if the money is compounded continuously? (Round your answer to the nearest cent Do not include the $ symbol in your answer ) Send a chat Enter your answer in each of the answer boxes O
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