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Use the Formula A=p(1+rn)ntA = p \left( 1 + \frac { r } { n } \right) ^ { n t }

Question 68

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Use the formula A=p(1+rn)ntA = p \left( 1 + \frac { r } { n } \right) ^ { n t } to find the amount for the investments. $13,600 for 5 years at 4.5% compounded semiannually. Please round the answer to the nearest cent. A=A = $__________ $13,600 for 5 years at 4% compounded monthly. Please round the answer to the nearest cent. A=A = $__________ Determine which investment amounts to more. __________

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16,989.17;...

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