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Solve the Problem. -If $2500 Is Invested in an Account That Pays Interest

Question 178

Multiple Choice

Solve the problem.
-If $2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $5000 at 8%? Round to the nearest tenth.


A) 8.7 years
B) 11.5 years
C) 9.0 years
D) 5.5 years

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