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

question 53

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 $20,000 at 5.75% compounded annually for 7 years.

• A) $27,971.27
• B) $29,579.62
• C) $26,900.00
• D) $28,050.00

Develop the ability to write simple Java programs that utilize input and output operations.

Acquire knowledge on the standard Java code libraries and their organization into packages, classes, and methods.

Enhance problem-solving skills by writing code snippets and larger programs for specific tasks.

Understand the basic principles and usages of applets in Java.