Suppose $6,000 is invested at 2% compounded continuously. (a) What will the accumulated amount be after 3 years? Exact a
Posted: Wed Jul 06, 2022 1:19 pm
- Suppose 6 000 Is Invested At 2 Compounded Continuously A What Will The Accumulated Amount Be After 3 Years Exact A 1 (159.03 KiB) Viewed 9 times
Suppose $9,000 is invested at 24% compounded monthly (i.e., 12 times a year). (a) What will the accumulated amount be after 8 years? Exact accumulated amount (without using a calculator) Accumulated amount, rounded to 2 decimal places (b) How much interest accrued during the 8 years? Interest, rounded to 2 decimal places = = dollars dollars dollars