Multiple Choice
How long (in years) would $550 have to be invested at an annual rate of 12%, compounded continuously, to amount to $1,099? Round your answer to two decimal places.
A) 6.92 years
B) 6.35 years
C) 7.50 years
D) 3.46 years
E) 5.77 years
Correct Answer:
Verified
Correct Answer:
Verified
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