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
$15,000for 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.)