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Which of the Following Amounts Is Closest to the End

Question 37

Multiple Choice

Which of the following amounts is closest to the end value of investing $3,000 for 3/4 year at a continuously compounded rate of 12%?


A) $3,163
B) $3,283
C) $3,263
D) $3,287
E) $3,317

Correct Answer:

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