6. -13 points SPreCalc7 4.2.034. My Notes Ask Your Teacher If $4000 is invested

Question

6. -13 points SPreCalc7 4.2.034. My Notes Ask Your Teacher If $4000 is invested at an interest rate of g 25% per year, compounded continuously, fnd the value of the investment after the given number o years Round your answers to the nearest cent (a) 3 years (b) 6 years (c) 9 years Need Help?Read It 7. 4 points SPreCalc7 4.2.035 My Notes Ask Your Teacher If $500 is invested at an interest rate of 3.5% per year, find the amount of the investment at the end of 13 years for the following compounding methods. (Round your answers to tne nearest cent.) (a) Annually (b) Semiannually (c) Quarterly (d) Continuously Need Help?Read ItWatch it

Explanation / Answer

6. A= P ert

a.A=4000 e0.0925(3) =$5279.30

b.A= 4000 e0.0925(6) = $6967.76

c.A= 4000 e0.0925(9) = $9196.24

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