What Will Be the Amount in an Account with Initial

question 94

Multiple Choice

What will be the amount in an account with initial principal $9000 if interest is compounded continuously at an annual rate of 7.25% for 7 years?

• A) $14,950.20
• B) $5066.20
• C) $9676.74
• D) $9000.00

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Definitions:

Civic Groups

Organizations consisting of citizens who come together to address issues of public concern or to engage in voluntary activities for the betterment of their community.

Social Relationships

Connections between individuals based on social interactions, affiliations, or perceived social ties, impacting their behavior and attitudes.

Negative Habit

A repetitive behavior that is detrimental to one's health, well-being, or social functioning.

Positive Habit

A beneficial routine or behavior that is regularly practiced, leading to improved mental or physical health.