use the compound interest formula
A=P(1+r/n)^nt and A=Pe^rt to solve
1-Find the accumulated value of an investment of $5000 at 9% compounded continuously for 6 years.
2-Find for an investment of $700 at 16% compounded quarterly for 2 years.
A=P(1+r/n)^nt and A=Pe^rt to solve
1-Find the accumulated value of an investment of $5000 at 9% compounded continuously for 6 years.
2-Find for an investment of $700 at 16% compounded quarterly for 2 years.