Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $130,000, r = 8%, t = 6, compounded monthly A = $

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $130,000, r = 8%, t = 6, compounded monthly
A = $
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $130,000, r = 8%, t = 6, compounded monthly A = $
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $11,000, r = 6%, t = 10, compounded quarterly
A = $
Transcribed Image Text:Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $11,000, r = 6%, t = 10, compounded quarterly A = $
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