Multiple Choice
Solve the problem. When needed, use 365 days per year and 30 days per month.
-An initial investment of $480 is appreciated for 8 years in an account that earns 2% interest, compounded continuously. Find the amount of money in the account at the end of the period.
A) $616.33
B) $1820.96
C) $26,207.11
D) $563.29
Correct Answer:
Verified
Correct Answer:
Verified
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