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Suppose the $2500 Is Deposited in a Savings Account Paying e5\mathrm { e } ^ { 5 }

Question 30

Multiple Choice

Suppose the $2500 is deposited in a savings account paying 5% interest, compounded continuously. What will be the average value of the account during the next 10 years?


A) 250( e5\mathrm { e } ^ { 5 } - 1)
B) 2500( e50e ^ { 50 } - 1)
C) 50,000( e0.5e ^ { 0.5 } - 1)
D) 50,000( e0.05e ^ { 0.05 } - 1)
E) none of these

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