Find the accumulated value of an investment of $20,000 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. Click the icon to view some finance formulas. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent.)
Find the accumulated value of an investment of $20,000 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. Click the icon to view some finance formulas. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent.)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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VIEWa. Calculation of accumulated value if the money is compounded semiannually;
VIEWb. Calculation of accumulated value if the money is compounded quarterly;
VIEWc. Calculation of accumulated value if the money is compounded Monthly;
VIEWd. Calculation of accumulated value if the money is compounded continuously;
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