Question 1041958
Can you help me solve this difficult complicated problem? 
Suppose you deposited $625 in an account with an annual interest rate of 4% compounded semi-annually. 
Use this information to answer parts a,b and c 
A) Find the Equation that gives the amount of money in the account after t years.
A(t) = P(1+(r/n))^(n*t)
r is the annual rate
n is the # of times you compound each year
t is the # of years you compound
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B) Find the amount of money in the account after 12 years (round to the nearest penny).
A(12) = 625(1+(0.04/2))^(2*12) = $1005.27
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C) If the Interest were Compounded Continuously, how much money would the account be worth after 5 years (round to the nearest penny).
Formula: A(t) = P*e^(r*t)
A(12) = 625*e^(0.04*15) = $1138.82
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Cheers,
Stan H.
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