What is the accumulated value of ​$500 invested for 17 years at 4.2​% p.a. compounded ​(a)​ annually?     ​(b)​ semi-annually?     ​(c)​ quarterly?    ​ (d)​ monthly?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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What is the accumulated value of

​$500

invested for

17

years at

4.2​%

p.a. compounded

​(a)​ annually?     ​(b)​ semi-annually?     ​(c)​ quarterly?    ​ (d)​ monthly? 

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