Solved

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

Question 266

Multiple Choice

Use the compound interest formulas A A=P(1+rn) nt and A=Pert to solve. 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 $2000 at 4% compounded annually for 14 years.


A) $3463.35
B) $3330.15
C) $3040.00
D) $3120.00

Correct Answer:

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