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Use the compound interest formulas
54. Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.
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EBK COLLEGE ALGEBRA ESSENTIALS
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- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage