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This Question: 1 pt 3 of 20 (2 complete) This Quiz: 20 pts possible Use the compound interest formulas A = P 1 + and

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This Question: 1 pt 3 of 20 (2 complete) This Quiz: 20 pts possible Use the compound interest formulas A = P 1 + and A = Pe" to solve the problem given. Round answers to the nearest cent. 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. 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.) b.What is the accumulated value if the money is compounded quarterly? $ (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) c. What is the accumulated value if the money is compounded monthly? $ (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) d. What is the accumulated value if the money is compounded continuously? $0 (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) Enter your answer in each of the answer boxes.

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