Multiple Choice
The compound amount when an investment is compounded continuously is A = Peni Where A = compound amount, P = original principal, n = number of years, and i = interest rate per year. Let P = 400, I = 0.05, and n = 3, then find A.
A) $1,858.93
B) $3717.87
C) $929.47
D) $464.73
Correct Answer:
Verified
Correct Answer:
Verified
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