Multiple Choice
Jack invested $25,000 into an account paying 6% compounded continuously. In five years how much money will he have?
A) $92,190.45
B) $215,905.42
C) $65,871.15
D) $33,746.50
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: Paula invested $25 into a savings account
Q11: The nominal interest rate and the effective
Q12: Determine the present value of $5,000 to
Q13: What is the effective interest rate on
Q14: Moneybag Bank & Trust is offering $200,000
Q16: First Texas National Bank is offering a
Q17: What is the future value of $20,000
Q18: Jane deposited $1,000 into a savings account
Q19: What continuously compounded effective rate of interest
Q20: Friendly Bank offers you a loan at