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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Definitions:

Competitive Factors

Elements that determine a company's competitive advantage or disadvantage in the market, such as product quality, price, and customer service.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace, determined by supply and demand dynamics.

Subjective Feel

An individual's personal and emotional response or perception towards something.