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    Contemporary Financial Management Study Set 1
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    Exam 5: A: The Time Value of Money
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    Jack Invested $25,000 into an Account Paying 6% Compounded Continuously
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Jack Invested $25,000 into an Account Paying 6% Compounded Continuously

Question 25

Question 25

Multiple Choice

Jack invested $25,000 into an account paying 6% compounded continuously.In five years how much money will he have?


A) $92,190.45
B) $215,905.42
C) $65,871.15
D) $33,746.47

Correct Answer:

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