algebra question

Question

Use the compound interest formulas

Upper A equals Upper P left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript ntA=P1+rnnt

and

Upper A equals Upper P e Superscript rtA=Pert

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

Find the accumulated value of an investment of

$ 10 comma 000$10,000

for

33

years at an interest rate of

4 %4%

if the money is a. compounded​ semiannually;

b.

compounded​ quarterly;

c.

compounded​ monthly; d. compounded continuously.

Question content area bottom

Part 1

a. What is the accumulated value if the money is compounded​ semiannually?

Answer 1

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