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Solve the Problem. -If $3500 Is Invested in an Account That Pays Interest

Question 68

Multiple Choice

Solve the problem.
-If $3500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $7900 at 5.5%? Round to the nearest tenth.


A) 12.6 years
B) 14.8 years
C) 6.0 years
D) 15.3 years

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