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Solve the Problem. -Larry Has $2300 to Invest and Needs $2900 in 17

Question 246

Multiple Choice

Solve the problem.
-Larry has $2300 to invest and needs $2900 in 17 years. What annual rate of return will he need to get in order to accomplish his goal, if interest is compounded continuously? (Round your answer to two decimals.)


A) 1.36%
B) 1.33%
C) 2.33%
D) 3.33%

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