Multiple Choice
Find the principal that must be deposited in an account with an annual interest rate of 6%, compounded continuously, so that after 25 years the balance is $25,000. Round your answer to the nearest cent.
A) $5,599.14
B) $5,824.97
C) $5,640.74
D) $5,578.25
E) $5,578.94
Correct Answer:
Verified
Correct Answer:
Verified
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