What is the accumulated value of $100 invested for 15 years at 3.6% p.a. compounded (a) annually? (b) semi-annually? (c) quarterly? (d) monthly? (a) The accumulated value is $ 169.9794. (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 $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the accumulated value of $100 invested for 15 years at 3.6% p.a. compounded (a) annually? (b) semi-annually? (c) quarterly? (d) monthly? (a) The accumulated value is $ 169.9794. (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 $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:What is the accumulated value of $100 invested for 15 years at 3.6% p.a. compounded
(a) annually? (b) semi-annually? (c) quarterly? (d) monthly?
(a) The accumulated value is $ 169.9794.
(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 $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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