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

Short Answer

Use the formulas $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$ or $A = p _ { \mathrm { e } } r t$ to find the amount for the investments. $4,800 for 5 years at 4% compounded continuously. Please round the answer to the nearest cent. $A =$ $__________ $4,800 for 5 years at 4% compounded monthly. Please round the answer to the nearest cent. $A =$ $__________ Determine which investment amounts to more. __________