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.)