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28-03-2024
Mathematics

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Find the accumulated value of an investment of $20,000 for 3 years at an interest rate of 1.35% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Click the icon to view some finance formulas. a. What is the accumulated value if the money is compounded semiannually? $ 2 (Round to the nearest cent as needed.)

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