Question: = P ( + 1 ) and A = Pet to solve the problem given. Round answers to the nearest cent. Find the accumulated
= P ( + 1 ) and A = Pet to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% 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.) Use the compound interest formulas A=P| 1+- b. What is the accumulated value if the money is compounded quarterly? $(Round your answer to the nearest cent.) c. What is the accumulated value if the money is compounded monthly? $(Round your answer to the nearest cent.) d. What is the accumulated value if the money is compounded continuously? $(Round your answer to the nearest cent.)
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a P 10000 x 55 t 5 years Compounded 812 A P1 100 ... View full answer
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