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7. [-/1 Points] DETAILS TANAPMATH7 4.1.018. MY NOTES Find the accumulated amount A if the principal P is invested at the interest rate of r/year
7. [-/1 Points] DETAILS TANAPMATH7 4.1.018. MY NOTES Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $130,000, r = 6%, t = 5. 54, compounded monthly A = $ Need Help? Read It 8. [-/1 Points] DETAILS TANAPMATH7 4.1.026. MY NOTES Find the present value of $20,000 due in 5 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 2%/year compounded quarterly
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