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An Investment Is Expected to Pay 5% Per Year Compounded

Question 44

Multiple Choice

An investment is expected to pay 5% per year compounded continuously. If you want the value of the investment to be $900,000 after 25 years, how much should you invest initially? Round to the nearest dollar.


A) $64,464
B) $128,927
C) $257,854
D) $515,709
E) $429,203

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