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Money Is Transferred Continuously into an Account at the Constant

Question 6

Multiple Choice

Money is transferred continuously into an account at the constant rate of $1,100 per year.The account earns interest at the annual rate of 8% compounded continuously.How much will be in the account at the end of 3 years?


A) $3,300.00
B) $1,746.97
C) $151,567.68
D) $3,729.68

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