Use the Compound Interest Formula for Continuous Compounding to Determine

question 189

Multiple Choice

Use the compound interest formula for continuous compounding to determine the accumulated balance after the statedperiod.
-A $7478 deposit in an account with an APR of 6.5% compounded continuously for 4 years.

• A)$9698.44
• B)$10,062.40
• C)$9620.19
• D)$9678.20

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Job Description

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