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.)