Find the accumulated value of an investment of $15,000 for 5 years at an interest rate of 1.15% if the money is a.
compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously.
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a. What is the accumulated value if the money is compounded semiannually?
$ 15,885.16
(Round to the nearest cent as needed.)
b. What is the accumulated value if the money is compounded quarterly?
$
(Round to the nearest cent as needed.)