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Jane Deposited $1,000 into a Savings Account Paying 12% Interest

Question 18

Multiple Choice

Jane deposited $1,000 into a savings account paying 12% interest compounded continuously. After 45 years, how much money did she have in the account?


A) $25, 759.09
B) $157,896.32
C) $221,405.61
D) $257,895.78

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