Solved

Use the Compound Interest Formulas A A=P(1+rn)ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t }

Question 74

Multiple Choice

Use the compound interest formulas A A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } and A = Pert to solve.
-Find the accumulated value of an investment of $5000 at 7% compounded continuously for 6 years.


A) $7709.81
B) $7609.81
C) $7100.00
D) $7503.65

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions