Use the compound interest formulas,
A=P1+r/n
nt and
A=Pert, to solve the following prob...
Mathematics, 16.08.2021 20:00 mackenziemelton26
Use the compound interest formulas,
A=P1+r/n
nt and
A=Pert, to solve the following problem.
Find the accumulated value of an investment of
$25,000 for
4 years at an interest rate of
6.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.
a. What is the accumulated value, if the money is compounded semiannually?
$
nothing
(Round your answer to the nearest cent.)
Answers: 2
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