document.write( "Question 156088: Use the compund interest formulas
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document.write( "Find the accumulated value of an investment of $8000 at 9% compounded continuously for 4 years.
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document.write( " $11,466.64
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document.write( " $11,566.64
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document.write( " $10,880.00
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document.write( " $11,292.65
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document.write( "
Algebra.Com's Answer #114935 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Use the compund interest formulas \n" ); document.write( "Find the accumulated value of an investment of $8000 at 9% compounded continuously for 4 years. \n" ); document.write( "--------------- \n" ); document.write( "A(t) = Pe^(rt) \n" ); document.write( "A(4) = 8000e^(0.08*4) \n" ); document.write( "A(4) = 8000*1.377128 \n" ); document.write( "A(4) = $11017.02 \n" ); document.write( "======================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |