Question 3 18 points The equation for compound interest is A

Last updated: 4/13/2023

Question 3 18 points The equation for compound interest is A P1 A P 1 7 where Pis the initial amount invested r is the interest rate as a decimal n is the number of times compounded annually and t is the number of years Determine the value of the account if the initial investment is 8 000 compounded quarterly at a rate of 4 after 5 years 9 761 52 9 733 22 8 320 8 004 Question 4 18 points