Question

Find the accumulated value of an investment of $ 20 comma 000 for 4 years at an interest rate of 6.5 % if the money is a. compounded​ semiannually; b. compounded​ quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent.

a. What is the accumulated value if the money is compounded​ semiannually?
​$
nothing ​(Round your answer to the nearest​ cent.)

Answer 1

$25,831.55

Explanation:

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