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Determine the Balance a ( to the Nearest Cent)for P=3,000

Question 113

Multiple Choice

Determine the balance A ( to the nearest cent) for P=3,000 dollars invested at a rate r=10% for t=10 , compounded continuously. Round the answer to two decimal places.


A) $8,154.85
B) $10,950.00
C) $8,153.73
D) $8,887.56
E) $6,030.15

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