Use the compound interest formula and A=Pert to solve the problem given. Round answers to
the nearest cent.
Find the accumulated value of an investment of $20,000 for 3 years at an interest rate of 4% if the money is a.
compounded semiannually; b. compounded quarterly: c. compounded monthly, d. compounded continuously.
...
a. What is the accumulated value if the money is compounded semiannually?
$
(Round your answer to the nearest cent. Do not include the $ symbol in your answer