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The Initial Investment in a Savings Account in Which Interest

Question 12

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $604. If the time required to double the amount is The initial investment in a savings account in which interest is compounded continuously is $604. If the time required to double the amount is years, what is the amount after 15 years? Round your answer to the nearest cent. A) $1,917.58 B) $1,804.46 C) $1,907.37 D) $1,404.46 E) $8,278.18 years, what is the amount after 15 years? Round your answer to the nearest cent.


A) $1,917.58
B) $1,804.46
C) $1,907.37
D) $1,404.46
E) $8,278.18

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