Question: . nt Use the compound interest formulas A = P and A = Pert to solve the problem given. Round answers to the nearest cent.
nt Use the compound interest formulas A = P and A = Pert to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $20,000 for 3 years at an interest rate of 4% 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.)
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