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$34,000 Is Invested at an Annual Interest Rate of 8

Question 35

Multiple Choice

$34,000 is invested at an annual interest rate of 8% for 2 years. Find the future value of the investment, rounded to the nearest hundredth, if the interest is compounded continuously.


A) $40,999.37
B) $39,898.87
C) $40,998.81
D) $39,899.37
E) None of these

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