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If $18000 Is Invested at an Interest Rate of 4

Question 207

Multiple Choice

If $18000 is invested at an interest rate of 4.5% compounded continuously what is the amount of the investment after 10 years? Rounded to the nearest hundredth.


A) $38626.59
B) $38040.78
C) $38681.90
D) $18000
E) $18828.50

Correct Answer:

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