The Future Value That Accrues When $200 Is Invested at 7

question 114

Multiple Choice

The future value that accrues when $200 is invested at 7%, compounded continuously, is , where t is the number of years. At what rate is the money in this account growing when t = 7? Round your answer to the nearest cent.

• A)$1.63 per year
• B)$326.46 per year
• C)$15.02 per year
• D)$2.15 per year
• E)$22.85 per year

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Definitions:

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Unmyelinated

Describing nerve fibers that lack a myelin sheath, affecting the speed and manner in which nerve impulses are conducted.

Paraplegia

A condition involving the partial or total loss of motor function in the lower half of the body, typically resulting from injury or disease of the spinal cord.

Quadriplegia

Paralysis of all four limbs, typically resulting from injury or illness affecting the spinal cord.