Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. use the compound interest formulas a = p(1 + r) ^n

Use the compound interest formulas A = P(1 + r) ^nt and A= Pe^rt to...

70.2K

Verified Solution

Question

Basic Math

image

Use the compound interest formulas A = P(1 + r) ^nt and A= Pe^rt to solve. Find the accumulatedvalue of an investment of $4000 at 12% compounded continuously for 8 years.$10,161.41$10,397.09$10,446.79$10,435.24

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How does the size of a firm as measured by market capitalization tend to affect its...

Finance
Q

1. Suppose it is claimed that the typical adult travels an average distance of 16 miles...

Statistics
Q

The goal is to Create an array of struct “employee” Fill the array with information read from...

Programming
Q

  Consider the discrete-time LTI system characterized by the following difference equation with input and initial...

Electrical Engineering
Q

A spring has a certain mass suspended from it and its period for vertical oscillation...

Physics
Q

A news service conducted a survey of 1012 adults ages 18 years or older in...

Statistics
Q

17 10 12 x 18

Algebra
Q

On January 1,2024, a company adopted the dollar-value LIFO inventory method. The inventory value for...

Accounting
Q

a. Define and define the type of work the Holmes family does. Justify your answer...

Accounting
Q

On January 1, 2017, Headland Corporation redeemed $520,000 of bonds at 99. At the time...

Accounting
Q

The me EM2.5 wanag ontre ustif QUESTION 4 Merah Sinap Sdn Bhd (MSSB) produces unique...

Accounting
Q

Pharoah Industries manufactures and sells three different models of wet-dry shop vacuum cleaners. Although the...

Accounting