Question

# Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 5.5% if the money is

a-compounded semiannually, b-compounded quarterly, c-compounded monthly, d-compounded continuously.

Compound Interest formula :. A = P (1 + r jut

I

quot;1

final amount

initial amount , which is $10, 000

11

interest rat = 3010 =gt; in decimal form = 0.03

+

quot;1

time in yrs

=

m

(a) -…Math