Solve
-How Long Will It Take For $\$ 3700$ To Grow To

question 86

Multiple Choice

Solve.
-How long will it take for $\$ 3700$ to grow to $\$ 34,300$ at an interest rate of $10.3 \%$ if the interest is compounded continuously? Round the number of years to the nearest hundredth.

• A) \(0.22 \mathrm { yr }\)
• B) \(2.16 \mathrm { yr }\)
• C) \(2161.95 \mathrm { yr }\)
• D) \(21.62 \mathrm { yr }\)

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Inside Information

Privileged, non-public information about a company that could provide a financial advantage in the stock market if used.

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Individuals who are employed by corporations and contribute to its operations and success through their work.

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A fraudulent investing scam promising high rates of return with little risk to investors, which generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities.