Multiple Choice
How long (in years) would $800 have to be invested at an annual rate of 11%,compounded continuously,to amount to $1060? Round your answer to two decimal places.
A) 2.95 years
B) 2.70 years
C) 0.56 years
D) 3.38 years
E) 2.56 years
Correct Answer:
Verified
Correct Answer:
Verified
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