Find the future value and interest earned if ​$8704.56 is invested for 9 years at 6​% compounded ​(a) semiannually and ​(b) continuously.?

​(a) The future value when interest is compounded semiannually is approximately ​$___.

​(Type an integer or decimal rounded to the nearest hundredth as​ needed.)

The interest earned is approximately ​$_______.

​(Type an integer or decimal rounded to the nearest hundredth as​ needed.)

(b) The future value when interest is compounded continuously is approximately ​$_____.

​(Type an integer or decimal rounded to the nearest hundredth as​ needed.)

The interest earned is approximately ​$______.

​(Type an integer or decimal rounded to the nearest hundredth as​ needed.)

1 Answer

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  • 1 month ago

    ask google, and learn.

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