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

Question 105

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 5.5%? Round to the nearest tenth.


A) 3.8 years
B) 12.6 years
C) 11.5 years
D) 13.2 years

Correct Answer:

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