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

question 54

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. $4,200 for 5 years at 5% compounded continuously.

• A) $5,392.77
• B) $5,392.84
• C) $5,392.70
• D) $5,392.63
• E) $5,392.91