I’ll give however many points, just answer number 9 and 10 The equation for compound interest is A=
where Pis the initial amount invested, r is the interest
rate as a decimal, z is the number of times compounded annually, and 1 is the number of years
Determine the value of the account if the initial investment is $8,000 compounded monthly at a rate of 6%
after 10
2
58409.12
58480.00
c. 14326.78
& $14.535.17