Mathematics, 17.12.2019 03:31 naomicervero
Use the compound interest formulas upper a equals upper p left parenthesis 1 plus startfraction r over n endfraction right parenthesis superscript nt and upper a equals pe superscript rt to solve the problem given.
round answers to the nearest cent.
find the accumulated value of an investment of $ 10 comma 000 for 7 years at an interest rate of 7 % if the money is :
a. compoundedsemiannually;
b. compounded quarterly;
c. compounded monthly
d. compounded continuously.
a. what is the accumulated value if the money is compounded semiannually? $ nothing (round your answer to the nearest cent.)
b. what is the accumulated value if the money is compounded quarterly? $ nothing (round your answer to the nearest cent.)
c. what is the accumulated value if the money is compounded monthly? $ nothing (round your answer to the nearestcent.)
d. what is the accumulated value if the money is compoundedcontinuously? $ nothing (round your answer to the nearestcent.)
Answers: 2
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Use the compound interest formulas upper a equals upper p left parenthesis 1 plus startfraction r ov...
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