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Solve the Problem. -Suppose Your Great-Great Grandmother Invested $700 Earning 3.6% Interest Compounded

Question 51

Multiple Choice

Solve the problem.
-Suppose your great-great grandmother invested $700 earning 3.6% interest compounded continuously 120 years ago. How much would her investment be worth today? Round to the nearest cent.


A) $52,632.04
B) $52,620.80
C) $818.18
D) $52,620.83

Correct Answer:

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