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:

Market Price

The present cost at which a product or service is available for purchase or sale in the marketplace.

Net Marginal Revenue

The difference between the marginal revenue earned from selling an additional unit of a product or service and the marginal cost of producing that unit.

Wool Fabric

A textile material made from the natural fibers of sheep, known for its warmth, resilience, and ability to absorb moisture without feeling wet.

Marginal Cost

The upswing in total financial outlay required for the production of one more unit of a good or service.