Use the compound interest formulas, A=P1+r/n
nt and
A=Pert, to solve the following problem.
Find the accumulated value of an investment of
$25,000 for
4 years at an interest rate of
6.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.
a. What is the accumulated value, if the money is compounded semiannually?
$
nothing
(Round your answer to the nearest cent.)