Question

Use the compound interest formulasUpper A equals Upper P left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript ntA=P1+rnntandUpper A equals Pe Superscript rtA=Pertto solve the problem given. Round answers to the nearest cent.Find the accumulated value of an investment of10,000for6years at an interest rate of5.5 %if the money is a. compounded? semiannually;b.compounded? quarterly;c.compounded monthly d. compounded continuously.a. What is the accumulated value if the money is compounded? semiannually??$\square?(Round your answer to the nearest? cent.)b.Whatis the accumulated value if the money is compounded? quarterly??$\square?(Round your answer to the nearest? cent.)c. What is the accumulated value if the money is compounded? monthly??$\square?(Round your answer to the nearest? cent.)d. What is the accumulated value if the money is compounded? continuously??$\square?(Round your answer to the nearest? cent.) What is the answer to A, B, C and D?

Answer 1

I believe the answer is C but idk I’m in 9th grade