SOLUTION: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve. Find the accumulated value of an investment of $19,000 at 8% compounded annually for 10 years.

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Question 1179943: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.
Find the accumulated value of an investment of $19,000 at 8% compounded annually for 10 years.
Answer by ikleyn(52792) About Me  (Show Source):
You can put this solution on YOUR website!
.

Having the formulas given, substitute the given data into the formulas and calculate. Use only first formula; the second formula is irrelevant.

I wish you have fun doing your job.

Also please keep in your mind that doing the students work like these simple calculations IS NOT the tutor's job or duty.


Also, please do not instruct me (and even do not try) how to teach:
I know it in 60 times better than you.

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On discretely compounds accounts,  read the lesson
    - Problems on discretely compounded accounts
in this site.

Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lesson is the part of this online textbook under the topic "Logarithms".


Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.