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 74

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 $6000 at 8% compounded continuously for 4 years.

• A) $8262.77
• B) $8362.77
• C) $8162.93
• D) $7920.00

---

Definitions:

Newline Escape Sequence

A character sequence used in programming to denote the end of a line; often represented as \n in many programming languages.

Programming Practice

The application of coding guidelines, methodologies, and patterns to write clean, maintainable, and efficient code.

Integer Value

A numerical value that represents whole numbers without fractions or decimals.