Question
What is the accumulated value of $400 invested for 15 years at 2.3% p.a. compounded (a) annually?(b) semi-annually?(c) quarterly? (d) monthly? (a) The accumulated value
What is the accumulated value of
$400
invested for
15
years at
2.3%
p.a. compounded
(a) annually?(b) semi-annually?(c) quarterly? (d) monthly?
(a) The accumulated value is
$nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) The accumulated value is
$nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(c) The accumulated value is
$nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(d) The accumulated value is
$nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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