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Solve solution Find the accumulated value of an investment of $20,000 for 7 years at an interest rate of 6% if the money is a.

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Find the accumulated value of an investment of $20,000 for 7 years at an interest rate of 6% if the money is a. compounded semiannually, b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent. Click the icon to view some finance formulas. a. What is the accumulated value if the money is compounded semiannually? $(Round your answer to the nearest cent.)

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