e the compound interest formulas A =P1+. nd the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6.5% if the money is a. compounded semiannualy: b. compounded quarterly. c. compounded monthly. d. compounded continuously. What is the accumulated value if the money is compounded semiannually? and A=Pe" to solve the problem given. Round answers to the nearest cent. ound your answer to the nearest cent Do not include the S symbol in your answer.) What is the accumulated value if the money is compounded quarterly? ound your answer to the nearest cent Do not include the S symbol in your answer.) What is the accumulated value if the money is compounded monthly? ound your answer to the nearest cent Do not include the S symbol in your answer.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Use the compound interest formulas A = P
and A = Pe" to solve the problem given. Round answers to the nearest cent.
Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.
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?
(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?
(Round your answer to the nearest cent. Do not include the $ symbol in your answer.)
Transcribed Image Text:nt Use the compound interest formulas A = P and A = Pe" to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously. 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? (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? (Round your answer to the nearest cent. Do not include the $ symbol in your answer.)
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