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 208

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 $1020 at 6% compounded annually for 19 years.


A) $3086.11
B) $2911.43
C) $2121.60
D) $2182.80

Correct Answer:

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