Question: The compound interest formula is given by A= P(i+ =) it where A is the accumulated amount, after an initial investment of P dollars is

The compound interest formula is given by A= P(i+
The compound interest formula is given by A= P(i+ =)" it where A is the accumulated amount, after an initial investment of P dollars is invested for years, at annual interest rate r, compounded n times per year. Use the formula above to determine the accumulated amount for each of the following different scenarios. Round solutions to the nearest cent. Assume there are 365 days in a year. If $46,000 is invested for 18 years and earns 9.5% interest, compounded annually, the accumulated amount is: A= 4 r If $46,000 is invested for 18 years and earns 9.5% interest, compounded semi- annually, the accumulated amount is: A= ; If $46,000 is invested for 18 years and earns 9.5% interest, compounded quarterly, the accumulated amount is: A= : If $46,000 is invested for 18 years and earns 9.5% interest, compounded monthly, the accumulated amount is: A : If $46,000 is invested for 18 years and earns 9.5% interest, compounded daily, the accumulated amount is: Ae

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