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Solve the Problem. -An Initial Investment of $1740 Is Appreciated for 14 Years

Question 77

Multiple Choice

Solve the problem.
-An initial investment of $1740 is appreciated for 14 years in an account that earns 7% interest, compounded continuously. Find the amount of money in the account at the end of the period. Round to the nearest cent.


A) $6,127,559.21
B) $12,856.96
C) $4636.15
D) $2868.78

Correct Answer:

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