Find the Interest That Will Result If $12,000 Is Invested

question 129

Multiple Choice

Find the interest that will result if $12,000 is invested at an annual rate of 7%, compounded continuously, for 8 years. Round your answer to the nearest cent.

• A)$9,008.07
• B)$21,008.07
• C)$33,008.07
• D)$12,165.03
• E)$14,706.49

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