Use the Compound Interest Formulas A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { and } A = P e ^ { r t } \text { to solve. }$$

question 266

Multiple Choice

Use the compound interest formulas A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { and } A = P e ^ { r t } \text { to solve. }$$
-Find the accumulated value of an investment of $2000 at 4% compounded annually for 14 years.

• A) $3463.35
• B) $3330.15
• C) $3040.00
• D) $3120.00

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Definitions:

Letters from an American Farmer

A series of essays written by J. Hector St. John de Crévecoeur in the late 18th century, depicting life in the American colonies and the emerging American identity.

Anti-Federalist

Individuals who opposed the creation of a strong federal government and the ratification of the Constitution in late 18th century America, preferring power to remain with states.

James Winthrop

An American lawyer, judge, and writer in the late 18th and early 19th centuries, known for his anti-federalist views.

Bill of Rights

constitutes the first ten amendments to the United States Constitution, guaranteeing fundamental civil rights and liberties to American citizens.