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 74

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 $6000 at 8% compounded continuously for 4 years.


A) $8262.77
B) $8362.77
C) $8162.93
D) $7920.00

Correct Answer:

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