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What is the value if the money

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Find the value of $20,000 at the end of one year if it is invested in an account that has an interest rate of 4.95% and is compounded in accordance with the rules below.

a. compounded monthly

b. compounded daily? (assuming a? 365-day year)

c. compounded quarterly

a. What is the value if the money is compounded? monthly? ?$

?(Do not round until the final answer. Then round to the nearest cent as? needed.)

Reference no: EM131769508

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