If 2000 dollars is invested at6% interest, find the value of the investment at the end of 7 years if interest is compounded

a) annually

b) quarterly

c) monthly

d) continuously

Question

If 2000 dollars is invested at6% interest, find the value of the investment at the end of 7 years if interest is compounded

a) annually

b) quarterly

c) monthly

d) continuously

istim · Answer

You didn't receive a chart telling you how to get it per each buying period? I would be sure it would have been in your notes or textbook.

istim · Answer

Just plug these values into the compound interest formula; the only thing that changes each time is the value for t. A quick google search may help.

anonymous · Answer

ok can you help me with my other questions

istim · Answer

That's a little much. I have work to. Maybe try to infer from the help the others give you too, ok?

anonymous · Answer

ok i got this problem