If 20100 dollars is invested at an interest rate of 7 percent per year, find the value of the investment at the end of 5 years

Question

If 20100 dollars is invested at an interest rate of 7 percent per year, find the value of the investment
at the end of 5 years for the following compounding methods, to the nearest cent.
(a) Annual: $
(b) Semiannual: $
(c) Monthly: $
(d) Daily: $

Kunduz · Accepted Answer

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