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30 April, 09:43

Find the accumulated value of an investment of $13,180 for 6 years at an annual interest rate of 2.3% if the money is:

a) compounded semiannually

b) compounded monthly

c) compounded quarterly

d) compounded continuously

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Answers (1)
  1. 30 April, 12:55
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    The first three use the same formula. Continuously uses a different formula.
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