Use the Formula $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$

Short Answer

Use the formula $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$ to find the amount for the investments. $2,200 for 5 years at 1.5% compounded annually. Please round the answer to the nearest hundredth. $A =$ $__________ $2,200 for 5 years at 1% compounded quarterly. Please round the answer to the nearest hundredth. $A =$ $__________ Determine which investment amounts to more. __________