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

Question 196

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: $13,000 for 12 years at 9%. The choices are rounded to the nearest cent.


A) $38,280.83
B) $14,178.09
C) $103,358.25
D) $95,702.09
E) $15,312.33

Correct Answer:

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