Multiple Choice
An investment is expected to pay 7% per year compounded continuously. If you want the value of the investment to be $600,000 after 25 years, how much should you invest initially? Round to the nearest dollar.
A) $26,066
B) $52,132
C) $104,264
D) $208,529
E) $267,494
Correct Answer:
Verified
Correct Answer:
Verified
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