Multiple Choice
The compound amount when an investment is compounded continuously is A = Peni Where A = compound amount, P = original principal, n = # of years, and i = interest rate per year. Let P = 200, I = 0.06, and n = 4, then find A.
A) $254.42
B) $508.50
C) $2034.00
D) $1,017.00
Correct Answer:
Verified
Correct Answer:
Verified
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