question archive Use the compound interest formulas A=P (1+ r over n) squared nt and A=P e squared rt to solve the problem given
Use the compound interest formulas A=P (1+ r over n) squared nt and A=P e squared rt to solve the problem given
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Use the compound interest formulas A=P (1+ r over n) squared nt and A=P e squared rt to solve the problem given. Round answers to the nearest cent.
Find the accumulated value of an investment of $25,000 for 6 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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