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    Contemporary Financial Management Study Set 2
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    Exam 6: Continuous Compounding and Discounting
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    Paula Invested $25 into a Savings Account When She Was
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Paula Invested $25 into a Savings Account When She Was

Question 10

Question 10

Multiple Choice

Paula invested $25 into a savings account when she was 6 years old. She is now 35. Her money grew at 2% compounded continuously. How much money does she have?


A) $106.58
B) $85.19
C) $270.82
D) $44.65

Correct Answer:

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