Use the Formulas $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$

question 14

Multiple Choice

Use the formulas $A = p \left( 1 + \frac { r } { n } \right) ^ { n t }$ or $A = p \mathrm { e } ^ { r t }$ to find the amount for the investment. $10,800 for 5 years at 5% compounded continuously.

• A) $13,867.40
• B) $13,867.47
• C) $13,867.54
• D) $13,867.26
• E) $13,867.33

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