Use Compound Interest Formulas
Use the Compound Interest Formulas A A =

Multiple Choice

Use Compound Interest Formulas
Use the compound interest formulas A $$A = P \left( 1 + \frac { r } { n } \right) \text { and } A = P e ^ { r t } \text { to solve }$$
-Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years.

A) $7452.93
B) $12,911.25
C) $9093.60
D) $8060.16