Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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 $8000 at 11% compounded continuously for 3 years

Sagot :

sqdancefan

Answer:

  $11,127.75

Step-by-step explanation:

You want to use the compound interest formula A=Pe^rt to find the value of an $8000 investment compounded continuously at 11% for 3 years.

Value

Put the values of the variables into the formula and do the arithmetic.

  A = $8000·e^(0.11·3) ≈ $11127.75

The accumulated value after 3 years will be $11,127.75.

View image sqdancefan
We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.