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Use Compound Interest Formulas
Use the Compound Interest Formulas A A =

Question 9

Multiple Choice

Use Compound Interest Formulas
Use the compound interest formulas A A=P(1+rn)  and A=Pert to solve A = P \left( 1 + \frac { r } { n } \right) \text { and } A = P e ^ { r t } \text { to solve }
-Find the accumulated value of an investment of $6000 at 7% compounded continuously for 5 years.


A) $8514.41
B) $8614.41
C) $8415.31
D) $8100.00

Correct Answer:

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