(Solved): Math 110 Course Resources - Compound interest Course Packet on notation and terminology - Compound ...

Math 110 Course Resources - Compound interest Course Packet on notation and terminology - Compound Interest course Packet on accumulated amount examples. Suppose \( \$ 7,000 \) is invested at \( 36 \% \) compounded monthly (i.e., 12 times a year). (a) What will the accumulated amount be after 8 years? Exact accumulated amount (without using a calculator) = dollars Accumulated amount, rounded to 2 decimal places = dollars (b) How much interest accrued during the 8 years? Interest, rounded to 2 decimal places \( = \) dollars 2. [-/1 Points] Math 110 Course Resources - Compound Interest Course Packet on notation and terminology - Compound interest Course Packet on accumulated amount examples Suppose \( \$ 7,000 \) is invested at \( 9 \% \) compounded continuously. (a) What will the accumulated amount be after 2 years? Exact accumulated amount (without using a calculator) = Accumulated amount, rounded to 2 decimal places = dollars (b) How much interest accrued during the 2 years? Interest, rounded to 2 decimal places \( = \)