Paris98
contestada

Find the amount accumulated after investing a principle P for T years at an interest rate compounded k times per year.
P= $3,500 r=5% t=10 k=4
Hint: A=P(1+r/k)^kt

Find the amount accumulated after investing a principle P for t years at a interesting rate compounded k times a year.

P=25,300 r=4.5% t=25 k=12

hint: A=P(1+r/k)^kt

Respuesta :

morgaine816
1. [tex]3500(1+ \frac{.05}{4}) ^{4*10} [/tex]
[tex]3500(1+.0125) ^{40} [/tex]
3500(1.64) = 5740

2. [tex]25300(1+ \frac{.045}{12} ) ^{12*25} [/tex]
[tex]25300(1+.00375) ^{300} [/tex]
25300(3.07) = 77671

Hope that helps.  Feel free to ask any questions

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