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(Solved): Use the compound interest formulas A=P(1+(r)/(n))^(nt) and A=Pe^(tt) to solve the problem given. Rou ...



Use the compound interest formulas

A=P(1+(r)/(n))^(nt)

and

A=Pe^(tt)

to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of

$15,000

for 6 years at an interest rate of

5.5%

if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.

$

?

(Round your answer to the nearest cent. Do not include the

$

symbol in your answer.)

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