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MAC1140 Prof. Barbu - Spring 2021 - Session 1
Homework: 4.1: Exponential Functions
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4.1.53
Use the compound Interest formulas A =P
=P(10)"
and A Per to solve the problem given. Round answers to the nearest cont.
Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 4% if the money is a. compounded semiannually, b. compounded quarterly, c. compounded monthly; d. compounded continuously
a. What is the accumulated value if the money is compounded semiannually?
(Round your answer to the nearest cent. Do not include the $ symbol in your answer.)

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