If $300 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 10 years for the following compounding methods

Question

If $300 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 10 years for the following compounding methods. (Round your answers to the nearest cent.)

(a) Annually

$ 

(b) Semiannually

$ 

(c) Quarterly

$ 

(d) Continuously

$ 

Answer 1

a) $512.44

b) $516.13

c) $518.03

d) $519.98