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Use the continuous compound interest formula to find the indicated value. A = $5,300; r = 8.11%; t = 9 years; P = ? P
Use the continuous compound interest formula to find the indicated value. A = $5,300; r = 8.11%; t = 9 years; P = ? P = $ (Round to two decimal places as needed.) Given the annual interest rate and the compounding period, find i, the interest rate per compounding period. 8.5% compounded quarterly i = 1% (Type an integer or decimal rounded to the nearest thousandth as needed.)
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