Multiple Choice
Use the compound interest formula for continuous compounding to determine the accumulated balance after the statedperiod.
-A $7478 deposit in an account with an APR of 6.5% compounded continuously for 4 years.
A) $9698.44
B) $10,062.40
C) $9620.19
D) $9678.20
Correct Answer:
Verified
Correct Answer:
Verified
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