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If You Invest $8,000 at 12% Interest Compounded Continuously, What

Question 19

Multiple Choice

If you invest $8,000 at 12% interest compounded continuously, what is the average amount in your account over one year? Round your answer to the nearest cent.


A) $8,499.79
B) $8,598.43
C) $8,697.07
D) $8,302.51
E) $8,401.15

Correct Answer:

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