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Use the compound interest formulas A =P =P(1 +) and A=Per to solve the problem given. Round answers to the nearest cent. Find the accumulated
Use the compound interest formulas A =P =P(1 +)" and A=Per to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $15,000 for 5 years at an interest rate of 6.5% 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? (Round your answer to the nearest cent. Do not include the $ symbol in your answer.)
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