Multiple Choice
How much more interest will be earned if $7,000 is invested for 9 years at an annual rate of 9% compounded continuously,instead of at 9% compounded quarterly? Round your answer to the nearest cent.
A) $47.49
B) $93.15
C) $140.64
D) $2,924.71
E) $3,017.87
Correct Answer:
Verified
Correct Answer:
Verified
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