Use the compound interest formulas a=p(1+r/n)^nt and a=pe^rt to solve the problem given. round answers to the nearest cent.
find the accumulated value of an investment of $15,000 for 6 years at an interest rate of 4% if the money is a. compounded
semiannually; b. compounded quarterly: c. compounded monthly d. compounded continuously.

a) $19,023.63

b) $19,046.02

c) $19,061.13

d) $19,068.74

Step-by-step explanation:

P = 15000

t = 6

r = 0.04

a) Compounded semiannually means 2 times per year, so n = 2.

A = 15000 (1 + 0.04/2)^(2×6)

A = 19023.63

b) Compounded quarterly means 4 times per year, so n = 4.

A = 15000 (1 + 0.04/4)^(4×6)

A = 19046.02

c) Compounded monthly means 12 times per year, so n = 12.

A = 15000 (1 + 0.04/12)^(12×6)

A = 19061.13

d) Compounded continuously means we use the continuous equation:

A = 15000 e^(0.04×6)

A = 19068.74

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option c) graph of line going through 1, 4 and 3, 10

step-by-step explanation:

let y equal to margo's coin collection

let x equal to number of years

at the begining x=0, y=1 → point=(x,y)→point=(0,1)

she adds 3 coins per year, then y=1+3x

at x=1, y=1+3(1)=1+3→y=4→point=(x,y)→point=(1,4)

at x=3, y=1+3(3)=1+9→y=10→point=(x,y)→point=(3,10)

the graph of line going through (1, 4) and (3, 10), then the option c is the correct.