Find an accumulated value of an investment of $7000 for 5 years at an interest rate of 4% if the money is: a. compounded monthly. b. compounded semi-annually. c. compounded continuously. Use the compound interest formulas to solve. Round answers to the nearest cent. 4.
Find an accumulated value of an investment of $7000 for 5 years at an interest rate of 4% if the money is: a. compounded monthly. b. compounded semi-annually. c. compounded continuously. Use the compound interest formulas to solve. Round answers to the nearest cent. 4.
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
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