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Use the Formula to Find the Total Amount of Money

Question 9

Multiple Choice

Use the formula Use the formula   to find the total amount of money accumulated at the end of the indicated time period by compounding continuously. Please round the answers to the nearest hundredth. $7,000 for 35 years at 13%. A)  $606,927.99 B)  $529,502.67 C)  $566,096.83 D)  $466,849.94 E)  $592,807.49 to find the total amount of money accumulated at the end of the indicated time period by compounding continuously. Please round the answers to the nearest hundredth. $7,000 for 35 years at 13%.


A) $606,927.99
B) $529,502.67
C) $566,096.83
D) $466,849.94
E) $592,807.49

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