Question: use the compound interest formula A=P(1+r/n) nt and A=Pe rt to solve the problem given. Round the answers to the nearest cent. Find the accumulated
use the compound interest formula A=P(1+r/n)ntand A=Pertto solve the problem given.
Round the answers to the nearest cent.
Find the accumulated value of an investment of $10,000 for 7 years at an interest rate of 4%. If the money is A) compounded semiannually B) compounded quarterly C) compounded monthly D) compounded continuously
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