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Find the accumulated value of an investment

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Reference no: EM131187374

Use the compound formula ^rt

To solve the problem given. Round answers to the nearest cent.

Find the accumulated value of an investment of $15,000 for 3 years at an interest rate of 6% if the money is

a. Compounded ___(Round to the nearest cent)

b. What is the accumulated value if the money is compounded monthly? ___(Round to the nearest cent)

c. What is the accumulated value if the money is compounded continuously?

Reference no: EM131187374

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