Solve the Problem. -An Original Investment of $7000 Earns 7% Interest Compounded Continuously

question 172

Multiple Choice

Solve the problem.
-An original investment of $7000 earns 7% interest compounded continuously. What will the investment be worth in 3 years? Round to the nearest cent.

• A)$8470.00
• B)$8635.75
• C)$8735.75
• D)$8575.30

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