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Kelly invested 5 000 in a CD at Charter Bank The annual rate is 4...

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Algebra

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Kelly invested 5 000 in a CD at Charter Bank The annual rate is 4 9 compounded monthly How much is her investment at the end of 8 years 2 393 78 O 5 000 49 7 393 78 8 2114 22 Certificate of Deposit Question 4 18 points The equation for compound interest is A P ert where P is the initial amount invested r is the interest rate as a decimal and t is the number of years Determine the value of the account if the initial investment is 2500 compounded continuously at a rate of 4 after 15 years O 1500 4000 4555 30

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