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Solve the Problem. -If $4000 Is Invested in an Account That Pays Interest

Question 149

Multiple Choice

Solve the problem.
-If $4000 is invested in an account that pays interest compounded continuously, how long will it take to grow to $9800 at 8%? Round to the nearest tenth.


A) 8.9 years
B) 8.7 years
C) 11.2 years
D) 10.8 years

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