Use the compound interest formulas A = P nt 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 6 years at an interest rate of 5% if the money is a. compounded semiannually; b. compounded quarterly, compounded monthly, d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? CED (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?

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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R
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Use the compound interest formulas A=P
Find the accumulated value of an investment of $10,000 for 6 years at an interest rate of 5% if the money is a. compounded semiannually; b. compounded quarterly; c.
compounded monthly, d. compounded continuously.
F5
V
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?
► 11
S
(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?
O
S
(Round your answer to the nearest cent. Do not include the $ symbol in your answer.)
%
5
F6
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and A Pe to solve the problem given. Round answers to the nearest cent.
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Transcribed Image Text:R F Use the compound interest formulas A=P Find the accumulated value of an investment of $10,000 for 6 years at an interest rate of 5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly, d. compounded continuously. F5 V 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? ► 11 S (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? O S (Round your answer to the nearest cent. Do not include the $ symbol in your answer.) % 5 F6 T G B A 6 F7 Y H nt F8 & 7 N and A Pe to solve the problem given. Round answers to the nearest cent. 6 U J F9 * 00 M DELL 0 1 K F10 KOD ( 9 O F11 L :) O > F12 P O PrtScr Insert o + 11 BI B ? 86°F Sunny Delete Backspace PgUp Enter Num Lock Shift 7 Next PgDn 4 1 1 7:0 8/8 S
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