Question: solve for d (if it is compounded continously) ran Use the compound interest formulas A=P t + 5] and A=Pe to solve the problem given.
solve for d (if it is compounded continously)
ran Use the compound interest formulas A=P t + 5] and A=Pe" to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $15,000 for 4 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously. $ 17922.47 (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? $ 17940.22 (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? $ 1795222 (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) d. What is the accumulated value if the money is compounded continuously? s | (Round your answer to the nearest cent. Do not include the $ symbol in your answer.)Step by Step Solution
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