Multiple Choice
Find the interest that will result if $12,000 is invested at an annual rate of 7%, compounded continuously, for 8 years. Round your answer to the nearest cent.
A) $9,008.07
B) $21,008.07
C) $33,008.07
D) $12,165.03
E) $14,706.49
Correct Answer:
Verified
Correct Answer:
Verified
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