Solved

How Much Money, Invested at an Interest Rate of 12

Question 9

Multiple Choice

How much money, invested at an interest rate of 12% per year compounded continuously, will amount to $91,000 after 16 years?

A) $6,207.07
B) $102,602.21
C) $90,981.96
D) $26,682.47
E) $13,341.23

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