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

question 126

Short Answer

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 investments. $4,800 for 5 years at 4% compounded continuously. Please round the answer to the nearest cent. $A =$ $__________ $4,800 for 5 years at 4% compounded monthly. Please round the answer to the nearest cent. $A =$ $__________ Determine which investment amounts to more. __________

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Definitions:

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.

Axillary Vein

A vein that accompanies the axillary artery and drains the upper limb and the lateral aspect of the thorax and breast.

Subscapular Vein

A vein that drains blood from the subscapular region, which includes the underside of the scapula, and typically joins with the axillary vein.

Internal Thoracic Vein

A vein that runs alongside the internal thoracic artery and drains blood from the chest wall and breasts into the brachiocephalic vein.