Solved

Find the Compound Amount and the Interest Earned When the Given

Question 119

Multiple Choice

Find the compound amount and the interest earned when the given investment has continuous compounding.
- $110,000\$ 110,000 at 4.6%4.6 \% for 17 years


A) $240,442.35;$130,442.35\$ 240,442.35 ; \$ 130,442.35
B) $251,761.03;$141,761.03\$ 251,761.03 ; \$ 141,761.03
C) $11,517.82;$5178.19\$ 11,517.82 ; \$ 5178.19
D) $118,602.00;$8602.00\$ 118,602.00 ; \$ 8602.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions