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

question 42

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 $900 at 10% compounded quarterly for 5 years.

• A)$1474.75
• B)$1449.46
• C)$1018.27
• D)$1350.00

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