SOLUTION: use the compound interest formula A= P(1 +r/n)^nth and A=Pe^rt to solve
(Use the first formual for an exact answer and the second formula for an approximate answer to check. )
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Systems-of-equations
-> SOLUTION: use the compound interest formula A= P(1 +r/n)^nth and A=Pe^rt to solve
(Use the first formual for an exact answer and the second formula for an approximate answer to check. )
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Question 470394: use the compound interest formula A= P(1 +r/n)^nth and A=Pe^rt to solve
(Use the first formual for an exact answer and the second formula for an approximate answer to check. )
Find the accumulated value of an investment of $800 at 12% compounded quarterly for 2 years.
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