SOLUTION: What is the accumulated value of an investment of $10,000 for 5 years at an interest rate of 7% if the money is A.compounded semiannually B. compounded quarterly C. compounded Mont
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Question 674688: What is the accumulated value of an investment of $10,000 for 5 years at an interest rate of 7% if the money is A.compounded semiannually B. compounded quarterly C. compounded Monthly D. compounded continuously
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the accumulated value, 
is the principal invested, 
is the interest rate expressed as a decimal, 
is the number of compounding periods in one year, and 
is the number of years. Just plug in the numbers and do the aritmetic.
For continuous compounding:
Where is the accumulated value, is the principal invested, is the interest rate expressed as a decimal, and is the number of years.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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