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  2. Topic
    Mathematics
  3. Study Set
    Trigsted College Algebra
  4. Exam
    Exam 5: Exponential and Logarithmic Functions and Equations
  5. Question
    Solve the Problem. -An Original Investment of $7000 Earns 7% Interest Compounded Continuously
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Solve the Problem. -An Original Investment of $7000 Earns 7% Interest Compounded Continuously

Question 172

Question 172

Multiple Choice

Solve the problem.
-An original investment of $7000 earns 7% interest compounded continuously. What will the investment be worth in 3 years? Round to the nearest cent.


A) $8470.00
B) $8635.75
C) $8735.75
D) $8575.30

Correct Answer:

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