If 1500 dollars is invested in an account for 10 years. Find the value of the investment at the end of 10 years if the interest is:
(a) $6.6 \%$ compounded annually: $\$$
(b) $6.6 \%$ compounded semiannually: $\$$
(c) $6.6 \%$ compounded quarterly: $\$$
(d) $6.6 \%$ compounded monthly: $\$$
(e) $6.6 \%$ compounded daily (ignore leap years): $\$$
Round answers to the nearest cent.
Calculator
\(\boxed{A = \$2744.26}\)
Step 1 :\(A = P(1 + \frac{r}{n})^{nt}\)
Step 2 :\(A = 1500(1 + \frac{0.066}{1})^{1*10}\)
Step 3 :\(A = 1500 * 1.8197008586099825\)
Step 4 :\(\boxed{A = \$2730.55}\)
Step 5 :\(A = 1500(1 + \frac{0.066}{2})^{2*10}\)
Step 6 :\(A = 1500 * 1.824567067879172\)
Step 7 :\(\boxed{A = \$2736.85}\)
Step 8 :\(A = 1500(1 + \frac{0.066}{4})^{4*10}\)
Step 9 :\(A = 1500 * 1.827125820891125\)
Step 10 :\(\boxed{A = \$2740.69}\)
Step 11 :\(A = 1500(1 + \frac{0.066}{12})^{12*10}\)
Step 12 :\(A = 1500 * 1.828476014536334\)
Step 13 :\(\boxed{A = \$2742.71}\)
Step 14 :\(A = 1500(1 + \frac{0.066}{365})^{365*10}\)
Step 15 :\(A = 1500 * 1.8295065829545702\)
Step 16 :\(\boxed{A = \$2744.26}\)