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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