Solve the Problem. -What Principal Invested at 8% Compounded Continuously for 4 Years

question 176

Multiple Choice

Solve the problem.
-What principal invested at 8% compounded continuously for 4 years will yield $1190? Round the answer to two decimal places.

• A) $1638.78
• B) $1188.62
• C) $864.12
• D) $627.48

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Definitions:

Brain Activity

The functionality of the brain as it engages in various cognitive, sensory, emotional, and motor tasks, often measured by neuroimaging techniques.

Cerebellum

A region of the brain that plays an important role in motor control, coordination, precision, and timing.

Bodily Coordination

The harmonious function and synchronization of body parts and movements, often reflecting physical skill or athletic ability.

Electrical Stimulation

The use of electrical impulses to induce a response in tissues, often used for therapeutic purposes or in research.