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Question 72

Multiple Choice

Solve the problem. When needed, use 365 days per year and 30 days per month.
-What principal invested at 8% compounded continuously for 4 years will yield $1190? Round the answer to two decimal places.


A) $864.12
B) $1188.62
C) $627.48
D) $1638.78

Correct Answer:

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