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Find the Interest That Will Result If $10,500 Is Invested

Question 94

Multiple Choice

Find the interest that will result if $10,500 is invested at an annual rate of 9%, compounded continuously, for 12 years. Round your answer to the nearest cent. ​


A) $20,419.14
B) $30,919.14
C) $41,419.14
D) $30,002.97
E) $38,618.34

Correct Answer:

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