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. Find the compound amount of an investment of $2,500 at an interest rate of 10% for 2 years if it is compounded continuously.
A) $3,000.00
B) $3,053.51
C) $4,023.59
D) $3,025.00
Correct Answer:
Verified
Correct Answer:
Verified
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