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What is the accumulated value of $1000 invested for 12 years at 5.5% p.a. compounded (a) annually? ( b) semi-annually? (c) quarterly? (d) monthly? (Round
What is the accumulated value of $1000 invested for 12 years at 5.5% p.a. compounded
(a) annually? (b) semi-annually? (c) quarterly? (d) monthly?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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