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    Calculus Early Transcendentals
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    Exam 3: Applications of Differentiation
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    Find the Accumulated Amount After 7 Years on an Investment
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Find the Accumulated Amount After 7 Years on an Investment

Question 122

Question 122

Multiple Choice

Find the accumulated amount after 7 years on an investment of $2,000 earning an interest rate of 5% per year compounded continuously. Round to the nearest cent.


A) $2,814.20
B) $2,838.14
C) $14,700.00
D) $14,717.80

Correct Answer:

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