jmolina57
06.12.2021 •
Mathematics
Use the compound interest formula
and A=Pert to solve the problem given. Round answers to
the nearest cent.
Find the accumulated value of an investment of $20,000 for 3 years at an interest rate of 4% if the money is a.
compounded semiannually; b. compounded quarterly: c. compounded monthly, d. compounded continuously.
...
a. What is the accumulated value if the money is compounded semiannually?
$
(Round your answer to the nearest cent. Do not include the $ symbol in your answer
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Ответ:
37.5%
Step-by-step explanation: