maziewaters2 maziewaters2

16-05-2023
Mathematics

Answered

nt
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Use the compound interest formulas, A=P
= P(₁ + 1) m and A Pet, to solve the following problem.
Find the accumulated value of an investment of $20,000 for 4 years at an interest rate of 5.5% 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?
(Ropnd your answer to the nearest cent.)

please help!

nt lt Use the compound interest formulas AP P 1 m and A Pet to solve the following problem Find the accumulated value of an investment of 20000 for 4 years at a class=

Answer :

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