Use the compound interest formulas A = P 1+ and A = Pe" to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $20,000 for 3 years at an interest rate of 5% if the money is a. compounded semiannually; b. compounded quarterly; 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.)

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A: Option D is correct answer : Proof is given below :

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