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U s e space t h e space c o m p o u n d space i n t e r e s t
U s e space t h e space c o m p o u n d space i n t e r e s t space f o r m u l a space A equals P open parentheses 1 plus r over n close parentheses to the power of n t end exponent space t o space s o l v e. space space R o u n d space t o space t w o space d e c i m a l space p l a c e s. F i n d space t h e space a c c u m u l a t e d space v a l u e space o f space o f space a n space i n v e s t m e n t space o f space $ 6 comma 000 space a t space 4 percent sign space c o m p o u n d e d space a n n u a l l y space f o r space 16 space y e a r s. $ 11 comma 237.89 $ 9 comma 840.00 $ 10 comma 805.66 $ 9 comma 600.00
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