nt Use the compound interest formulas A =P and A = Pet to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $10,000 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.) Enter your answer in each of the answer boxes.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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nt
Use the compound interest formulas A = P 1+-
and A = Pe" to solve the problem given. Round answers to the nearest cent.
rt
Find the accumulated value of an investment of $10,000 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?
$4
(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?
$4
(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?
$4
(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?
$4
(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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Transcribed Image Text:nt Use the compound interest formulas A = P 1+- and A = Pe" to solve the problem given. Round answers to the nearest cent. rt Find the accumulated value of an investment of $10,000 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? $4 (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? $4 (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? $4 (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? $4 (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) Enter your answer in each of the answer boxes. MacBook DII DD O00 O00 F10 F1 esc F 7 F8 F9 F4 F5 F6 F1 F2 F3 23 $4 & 7 1 3 Y U W K D G 00 T FI %24 SI
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