In Problems 7–14, find the amount that results from each investment. 7. $100 invested at 4% compounded quarterly after a period of 2 years 11. $600 invested at 5% compounded daily after a period of 3 years 12. $700 invested at 6% compounded daily after a period of 2 years 13. $1000 invested at 11% compounded continuously after a period of 2 years 8. $50 invested at 6% compounded monthly after a period of 3 years 9. $500 invested at 8% compounded quarterly after a period of 25 years 14. $400 invested at 7% compounded continuously after a period of 3 years 10. $300 invested at 12% compounded monthly after a period 1 of 1; years

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A: Given ft=12000e0.02t rate = r = 4%=0.04

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A: Apply the formula directly and simplify to get the answer: A=Pert

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