Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve:
1) Find the accumulated value of an investment of $6000 at 9% compounded continuously for 6 years.
A) $10,396.04
B) $9240.00
C) $10,296.04
D) $10,062.60
2) Find the accumulated value of an investment of $12,000 at 12% compounded annually for 11 years.
A) $37,270.18
B) $41,742.60
C) $26,400.00
D) $27,840.00
3) Find the accumulated value of an investment of $800 at 12% compounded quarterly for 4 years.
A) $900.41
B) $1283.77
C) $1184.00
D) $1258.82