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If $1,100 Is Deposited in a Savings Account That Pays

Question 102

Multiple Choice

If $1,100 is deposited in a savings account that pays interest at a rate of If $1,100 is deposited in a savings account that pays interest at a rate of % per year compounded continuously, find the balance after 4 years. A) $3,981.27 B) $759.81 C) $1,576.66 D) $1,592.51 E) $1,608.51 % per year compounded continuously, find the balance after 4 years.


A) $3,981.27
B) $759.81
C) $1,576.66
D) $1,592.51
E) $1,608.51

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