Use the formula above to determine the accumulated amount
Last updated: 11/27/2023
Use the formula above to determine the accumulated amount for each of the following different scenarios Round solutions to the nearest cent Assume there are 365 days in a year If 37 000 is invested for 13 years and earns 6 5 interest compounded annually the accumulated amount is A If 37 000 is invested for 13 years and earns 6 5 interest compounded semi annually the accumulated amount is A If 37 000 is invested for 13 years and earns 6 5 interest compounded quarterly the accumulated amount is A If 37 000 is invested for 13 years and earns 6 5 interest compounded monthly the accumulated amount is A If 37 000 is invested for 13 years and earns 6 5 interest compounded daily the accumulated amount is A If 537 000 is invested for 13 years and earns 6 5 interest compounded continuously the accumulated