SOLUTION: Use the formula for compound interest to find A. A= P(1+r)^n P=$40,000, r=0.11 and n= 4 years At the end of 4 years A is $___ (Round to the nearest cent)

SOLUTION: Use the formula for compound interest to find A. A= P(1+r)^n P=$40,000, r=0.11 and n= 4 years At the end of 4 years A is $___ (Round to the nearest cent)

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Question 947442: Use the formula for compound interest to find A.
A= P(1+r)^n
P=$40,000, r=0.11 and n= 4 years
At the end of 4 years A is $___
(Round to the nearest cent)
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

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