Multiple Choice
Fred deposited $5,000 in an account that promised a nominal interest rate of 8% compounded continuously for his daughter who will be going to college in 18 years. How much will she have in the account in 18 years?
A) $19,980
B) $20,054
C) $21,103
D) $21,694
Correct Answer:
Verified
Correct Answer:
Verified
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