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 Use the compound interest formulas A=P(1+rn)nt and A=Pert to solve. \text { Use the compound interest formulas } A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { and } A = P e ^ { r t } \text { to solve. }

Question 63

Multiple Choice

 Use the compound interest formulas A=P(1+rn) nt and A=Pert to solve. \text { Use the compound interest formulas } A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { and } A = P e ^ { r t } \text { to solve. }
-Find the accumulated value of an investment of $10,000 at 4% compounded semiannually for 5 years.


A) $12,000.00
B) $11,040.81
C) $12,166.53
D) $12,189.94

Correct Answer:

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