Question

find the accumulated value of an investment of $10000 for 5 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.
A)$13,116.51
B)$13,140.67
C)$13,157.04
D)$13,165.31

Related Questions

find the accumulated value of an investment of 25,000 for 4 years at an interest rate of 5%, if the... Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 6% if the... find the accumulated value of an investment of 20,000 for 3 years at an interest rate of 7%, if the... Find the compound amount compound interest resulting from the investment of Birr 1000 at 6% for 10 y...