jor2dynn001 jor2dynn001

01-07-2024
Mathematics

Answered

Find the accumulated value of an investment of $ 20 comma 000 for 6 years at an interest rate of 1.45 % if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. LOADING... Click the icon to view some finance formulas. Question content area bottom Part 1 a. What is the accumulated value if the money is compounded semiannually? $ 21,811.09 (Round to the nearest cent as needed.) Part 2 b. What is the accumulated value if the money is compounded quarterly? $ 21,814.50 (Round to the nearest cent as needed.) Part 3 c. What is the accumulated value if the money is compounded monthly? $ 21,816.79 (Round to the nearest cent as needed.) Part 4 d. What is the accumulated value if the money is compounded continuously?

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