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Suppose That You Have $2000 on Deposit at Your Bank

Question 26

Multiple Choice

Suppose that you have $2000 on deposit at your bank at an annual rate of 2.34%. If the bank compounds continuously, what is the balance of your account after two years?


A) $2072.98
B) $2077.50
C) $2081.59
D) $2095.82

Correct Answer:

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