The Compound Amount When an Investment Is Compounded Continuously Is

question 2

Multiple Choice

The compound amount when an investment is compounded continuously is A = Peni Where A = compound amount, P = original principal, n = # of years, and i = interest rate per year. Let P = 200, I = 0.06, and n = 4, then find A.

• A)$254.42
• B)$508.50
• C)$2034.00
• D)$1,017.00

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