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Rock Solid Bank & Trust Is Offering a CD That

Question 33

Multiple Choice

Rock Solid Bank & Trust is offering a CD that pays 5% compounded continuously. How much interest would a $5,000 deposit earn over 15 years? (Round your answer to the nearest dollar.) Select the correct answer.


A) $5,585
B) $15,585
C) $10,395
D) $10,569
E) $10,585

Correct Answer:

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