PLEASE HELP!!!!!

Logarithms

$6000 is invested at 5.5%, compounded monthly, for 5 years. What is the account worth at the end of the 5 years? What if it is compounded continuously? PLEASE HELP!!!!!

Logarithms

$6000 is invested at 5.5%, compounded monthly, for 5 years. What is the account worth at the end of the 5 years? What if it is compounded continuously? @Mathematics

Question

PLEASE HELP!!!!!

Logarithms

$6000 is invested at 5.5%, compounded monthly, for 5 years. What is the account worth at the end of the 5 years? What if it is compounded continuously?  PLEASE HELP!!!!!

Logarithms

$6000 is invested at 5.5%, compounded monthly, for 5 years. What is the account worth at the end of the 5 years? What if it is compounded continuously?  @Mathematics

sasogeek · Answer

sorry i hate this topic lol, never really payed attention to it... maybe i should revise it :P

anonymous · Answer

Ohh you take so long to write that.

anonymous · Answer

Well do you remember the equation for compund interest Fools101?

fools101 · Answer

lol!! it kk i suck at it :P T_T!

fools101 · Answer

No not really hahaha!?!

fools101 · Answer

Awwww : /

sasogeek · Answer

it took me so long to write that cos my computer is being a b!tch and has slowed down

anonymous · Answer

$$A = C\left( 1 + \frac{i}{n}\right)^{nt}$$

fools101 · Answer

hahah lol! Saso..

fools101 · Answer

ohhhhh!!!!! that i know that i suck at Solving it :D!

anonymous · Answer

C = 6000, i = 0.05, n = 12, t = 5, Just plug these numbers

anonymous · Answer

i = 0.055
sorry

fools101 · Answer

ohhh kk get it thanks!
Victoraeana :D!

anonymous · Answer

Your welcome.

fools101 · Answer

:D! !!!