If $18,000 is invested at 2.5% for 20 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.) (a) annually $ ________________ (b)...


If $18,000 is invested at 2.5% for 20 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)


(a) annually

$ ________________


(b) semiannually

$ _______________


(c) quarterly

$ ________________


(d) monthly

$ ________________


(e) daily (N
= 360)

$ ______________


(f) every minute (N
= 525,600)

$ ______________


(g) continuously

$ ______________


(h) simple (not compounded)

$_______________





Jun 06, 2022
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