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Money Is Transferred Continuously into an Account at the Constant

Question 79

Multiple Choice

Money is transferred continuously into an account at the constant rate of $900 per year. The account earns interest at the annual rate of 5% compounded continuously. How much will be in the account at the end of 4 years?


A) $2,197.52
B) $133,002.01
C) $3,985.25
D) $3,600.00

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