Find the accumulated value of an investment of $20,000 for 6 years at an interest rate of 1.65% if the money is a. compounded​ semiannually? b.compounded​ quarterly? c.compounded monthly?   d. What is the accumulated value if the money is compounded​ continuously?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the accumulated value of an investment of $20,000 for 6 years at an interest rate of 1.65% if the money is

a. compounded​ semiannually?

b.compounded​ quarterly?

c.compounded monthly?
 
d. What is the accumulated value if the money is compounded​ continuously?
 
 
 
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