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How Much More Interest Will Be Earned If $7,500 Is

Question 4

Multiple Choice

How much more interest will be earned if $7,500 is invested for 7 years at an annual rate of 12% compounded continuously, instead of at 12% compounded quarterly? Round your answer to the nearest cent. ​


A) $17,372.75
B) $2,802.74
C) $213.29
D) $4,315.07
E) $5,301.40

Correct Answer:

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