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Suppose You Deposit $1,500 in an Account with an Annual

Question 15

Multiple Choice

Suppose you deposit $1,500 in an account with an annual interest rate of 9% compounded continuously. How much money would the account contain after 5 years.


A) $2,352.47
B) $2,478.34
C) $2,210.05
D) $2,239.33
E) $2,528.34

Correct Answer:

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