Choose the One Alternative That Best Completes the Statement or Answers

question 348

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-If Emery has $1,100 to invest at 9% per year compounded monthly, how long will it be before he has $1,400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

• A) 0.036 yrs, 0.268 yrs
• B) 66.89 yrs, 2.902 yrs
• C) 2.69 yrs, 2.68 yrs
• D) 0.233 yrs, 0.223 yrs

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Definitions:

Estrogens

A group of steroid hormones that play a critical role in the female reproductive system, as well as other health aspects.

Endorphins

Natural chemicals in the body that interact with the brain's receptors to reduce pain and boost pleasure, resulting in a feeling of well-being.

Testosterone

A primary male sex hormone that plays key roles in health and well-being, including influencing muscle mass, hair growth, and sexual function.

Chromosomes

Filamentous entities within the nucleus of both animal and plant cells, composed of protein and one molecule of deoxyribonucleic acid (DNA).