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Use the Formula A=pertA = p e ^ { r t }

Question 124

Multiple Choice

Use the formula A=pertA = p e ^ { r t } to find the total amount of money accumulated at the end of the indicated time period by compounding continuously: $4,600 for 6 years at 3%. The choices are rounded to the nearest cent.


A) $9,362.24
B) $3,671.47
C) $8,260.80
D) $5,507.20
E) $3,239.53

Correct Answer:

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