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

Algebra
1.2K views

Decide which of the two given prices is the better deal and explain why.You can...

Mechanical Engineering
1.2K views

What are the unique PLM needs for a small and medium company? 1000-1500 words

Biology
1.2K views

In the woods there is a population of 1000 rabbits. Fur color in these rabbits...

Biology
1.2K views

According to Bredesen one of our guest speakers Alzheimer s disease AD O Is analogous...

Basic Math
1.2K views

Alexia is reviewing for the Algebra End-of-Course exam. She made this graph representing a system...

Calculus
1.2K views

Evaluate the integral using the following values x dx 320 x dx 16 dx 3...

Algebra
1.2K views

Draw and label all sides of a triangle that would have the following sine value...

Accounting
1.2K views

Which of the following is a period cost? administrative cost manufacturing overhead direct materials cost...

Accounting
1.2K views

Prepare an income statement for the year ended 30 June 2023 from the following information....

Accounting
1.2K views

A truck and bus has a cost basis of $1,000,000 and a ten-year depreciable life....

Accounting
1.2K views

This is a partial adjusted trial balance of Pharoah Company. \table[[,\table[[PHAROAH COMPANY],[Adjusted Trial Balance],[January...

Accounting
1.2K views

Headland Corp. is a medium-sized corporation specializing in quarrying stone for building construction. The company...