Use the compound interest formulas, \( \mathrm{A}=\mathrm{P}\left(1+\frac{\mathrm{r}}{\mathrm{n}}\right)^{\mathrm{nt}} \) and \( \mathrm{A}=\mathrm{Pe}^{\mathrm{tt}} \), to solve the following problem. Find the accumulated value of an investment of \( \$ 15,000 \) for 4 years at an interest rate of \( 4.5 \% \) if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously. a. What is the accumulated value, if the money is compounded semiannually? \( \$ 17,922.47 \) (Round your answer to the nearest cent.) b. What is the accumulated value, if the money is compounded monthly? \( \$ \square \) (Round your answer to the nearest cent.)
Solución ThothAI de Upstudy
Respuesta rápida
Solución paso a paso
Introduce tu pregunta aquí…