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Find the Compound Amount and the Interest Earned When the Given

Question 9

Question 9

Multiple Choice

Find the compound amount and the interest earned when the given investment has continuous compounding.
- $\$ 13,000$ at $2.8 \%$ for 3 years

A) $\$ 14,092.00 ; \$ 1092.00$
B) $\$ 14,540.67 ; \$ 1540.67$
C) $\$ 14,139.18 ; \$ 1139.18$
D) $\$ 13,369.14 ; \$ 369.14$

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