If 400 is invested at an interest rate of 2 5 per year find the amount of the investment at the end of 13 years for the

Question

If 400 is invested at an interest rate of 2 5 per year find the amount of the investment at the end of 13 years for the following compounding methods Round your answers to the nearest cent a Annually 551 40 b Semiannually 275 70 c Quarterly 137 85 d Continuously

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