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Find the Balance If $21,000 Is Invested at an Annual

Question 16

Multiple Choice

Find the balance if $21,000 is invested at an annual rate of 7% for 2 years, compounded continuously.


A) $45,045.34
B) $23,940.00
C) $22,495.72
D) $18,256.52
E) $24,155.75

Correct Answer:

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