Use Compound Interest Formulas
Use the Compound Interest Formulas A A =

question 213

Multiple Choice

Use Compound Interest Formulas
Use the compound interest formulas A $$A = P \left( 1 + \frac { r } { n } \right) \text { and } A = P e ^ { r t } \text { to solve }$$
-Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years.

• A)$7452.93
• B)$12,911.25
• C)$9093.60
• D)$8060.16

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