To find the accumulated value of an investment compounded semiannually, we can use the formula for compound interest:
A = P( 1 + r/n)^nt
Now, calculate 1.035^154 and multiply it by 200,000.
a. semiannually is approximately $29,017.40
b. quarterly is approximately $29,204.60
c. monthly is approximately $29,249.80
d. continuously is approximately $29,394.80
