Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent. a. What is the accumulated value if the money is compounded semiannually? $4 (Round your answer to the nearest cent.)

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 4.5% if the money is a. compounded
semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent.
a. What is the accumulated value if the money is compounded semiannually?
$4
(Round your answer to the nearest cent.)
Transcribed Image Text:Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent. a. What is the accumulated value if the money is compounded semiannually? $4 (Round your answer to the nearest cent.)
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