<PRE><B>Question 1088345</B>
Question:
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 $1130 at 8% compounded annually for 14 years.
 
Solution:
The formulas are correct but not applicable to the present case.
We use 
Future value with yearly investment A for n years at interest i
F=A*[(1+i)^n-1]/(i)
=1130*[1.08^14-1]/(.08)
=27362.86</PRE>