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Quiz Me: Quiz Me: 2.1-2 Solve This quiz: 4 point(s) exponential problems involving Quiz Me: Quiz Me: 2.1-2 Solve exponential problems involving investments. Question 4
Quiz Me: Quiz Me: 2.1-2 Solve exponential problems involving investments. Question 4 of 4 possible This question: 1 point(s) possible Resume later Submit quiz An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously. Then find (e) the doubling time T for the given interest rate. P =$4500, 3.55%, yr a) The future value of the investment when interest is compounded annually is $ (Type an integer or a decimal. Round to the nearest cent as needed.) b) The future value of the investment when interest is compounded monthly is (Type an integer or a decimal. Round to the nearest cent as needed.) c) The future value of the investment when interest is compounded daily is $ (Type an integer or a decimal. Round to the nearest cent as needed.) d) The future value of the investment when interest is compounded continuously is $0 (Type an integer or a decimal. Round to the nearest cent as needed.) e) Find the doubling time for the given interesk ,die. (Type an integer or decimal rounded to two decimal places as needed.)
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