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

question 74

Multiple Choice

Use the compound interest formulas A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n t }$$ and A = Pert to solve.
-Find the accumulated value of an investment of $5000 at 7% compounded continuously for 6 years.

• A) $7709.81
• B) $7609.81
• C) $7100.00
• D) $7503.65

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Definitions:

Environmental Influences

Factors outside the individual, such as social, cultural, and physical environments, that affect behaviors, attitudes, and development.

Schemas

Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.

Abstract Thought

The ability to think about objects, principles, and ideas that are not physically present, a key component of higher-level cognition.

Conservation

In cognitive development, the understanding that properties such as volume, mass, and number remain the same despite changes in the forms or appearances of objects.