Use the correct compound interest formula: A = P(1 + r)nt or A = Pert Find the accumulated value of an investment of $4000 at 3% compounded monthly for 7 years. $7985.98 $4933.42 $28,840.00 $4508.83

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A: Recall the following fact.

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Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

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Q: earned

A: Formulas are given below.

Q: ​$9000 at 4​% compounded annually for 7 years

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Q: d the accumulated valu p00 at 9% compounded $8680.03 $8385.50 $7700.00 $8580 03

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Q: Find the total amount in the compound interest account. 5600 Is compounded monthly at a rate of 14%…

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