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Business, 27.06.2019 23:40 AdoNice

Use the compound interest formulas a=p(1+r/n)^nt and a=pe^rt to solvefind the accumulated value of an investment of $ 20 , 000 for 4 years at an interest rate of 4 % if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously.

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