oneWOTR.SeCtIOn4.1 ore: 0 of 1 pt 1.VQ-2 Homework 15 of 15 (11 complete) HW Scor
ID: 3186260 • Letter: O
Question
oneWOTR.SeCtIOn4.1 ore: 0 of 1 pt 1.VQ-2 Homework 15 of 15 (11 complete) HW Score: 63.89%, i Questi Use the compound interest formulas A-P soke the probiom gvon Round answers to tho nearest cont Find the accumulated value of an investment o S 10,000 for 5 years at an interest rate of 6 5% ? the money is a compounded son compounded monthly d. compounded continuously annual·b. compounded quarterly c a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent )Explanation / Answer
a) compounded semiannually
A = 10000 ( 1 + .065 / 2 )^2*5
A = $ 13768.94
b) compounded quarterly
A = 10000 ( 1 + .065 / 4 )^4*5
A = $ 13804.20
c) compunded monthly
A = 10000 ( 1 + .065 / 12 )^12*5
A = $ 13828.17
d) compounded continuously
A = Pe^rt
A = 10000 e^.065 * 5
A = $ 13840.31
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