Use the Compound Interest Formula to Compute the Future Value

question 216

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$5000 at 7.25% compounded continuously for 7 years

• A)$10,323.66
• B)$5375.96
• C)$8305.67
• D)$3759.51

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Taxes collected from employees and employers to fund the Social Security program, which provides benefits for retirees, disabled workers, and survivors.

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