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Solve the Problem. -If $7000 Is Invested at 8% Compounded Continuously, Determine the Continuously

Question 209

Multiple Choice

Solve the problem.
-If $7000 is invested at 8% compounded continuously, determine the balance in the account after 5 years.

A) $10,542.77
B) $9800.00
C) $10,285.30
D) $10,442.77

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