Suppose $16,000 is invested at an annual rate of 3% for 20 years. Find the future value if interest is compounded as follows.

Suppose $16,000 is invested at an annual rate of 3% for 20 years. Find the future value if interest is compounded as follows. a. Annually b. Quarterly c. Monthly d. Daily (365 days) e. Continuously a. Compounded annually, the future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. Compounded quarterly, the future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) c. Compounded monthly, the future value is $. (Do not round until the final answer. Then round to the nearest cent as needed.) d. Compounded daily, the future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) e. Compounded continuously, the future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)