Use the compound interest formulas, Upper A equals Upper P left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript ntA=P1+

r

nnt and Upper A equals Pe Superscript rtA=Pert, to solve the following problem.

Find the accumulated value of an investment of $ 20 comma 000$20,000 for 33 years at an interest rate of 6.5 %6.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.

a. What is the accumulated value, if the money is compounded semiannually?

$nothing (Round your answer to the nearest cent.)

b. What is the accumulated value, if the money is compounded monthly?

$nothing (Round your answer to the nearest cent.)

c. What is the accumulated value, if the money is compounded continuously?

$nothing (Round your answer to the nearest cent.)