Find the amount deposited after 4 years SHOW ALL WORK

Calculus
Tutor: None Selected Time limit: 1 Day

Jul 18th, 2015

Thank you for the opportunity to help you with your question!

(a) M = A(1+i)^n*t

Here M =?, A = 10000, i = 4.5%/12=4.5/1200, n*t = 4*12 = 48

Hence, M = 10000*(1+4.5/1200)^48 = 11968.14

(b) M = A e^(rt)

         = 10000*e^(0.045*4) 

         = 11972.17



Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 18th, 2015

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