Uso the compound interest formulas A=P(1 • a) "and A=Pe" to solve the problem given. Round answer to the nearest cont.
Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% 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?
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Rises
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Explanation: