Solved

 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 8

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 $1500 at 10% compounded quarterly for 2 years.


A) $1575.94
B) $1815.00
C) $1800.00
D) $1827.60

Correct Answer:

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