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An Initial Amount of $5500 Is Invested in an Account

Question 64

Multiple Choice

An initial amount of $5500 is invested in an account with interest compounded continuously. The interest rate is 10%. Find the value of the account after 14 years.


A) $22,303.60
B) $6,614,323,547.27
C) $21,643.60
D) $5501.40

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