Solve the Problem. -An Initial Investment of $1740 Is Appreciated for 14 Years

question 77

Multiple Choice

Solve the problem.
-An initial investment of $1740 is appreciated for 14 years in an account that earns 7% interest, compounded continuously. Find the amount of money in the account at the end of the period. Round to the nearest cent.

• A)$6,127,559.21
• B)$12,856.96
• C)$4636.15
• D)$2868.78

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Definitions:

Health Care

The organized provision of medical services to individuals or communities to maintain or improve health.

Alternative Treatment

Therapies and treatments used instead of standard medical treatments, often including herbal medicines, acupuncture, and chiropractic.

Alternative Products

Products that differ from mainstream options, often emphasizing natural or environmentally friendly attributes.

Diets

Regulated food intake plans designed for weight loss, health improvement, or specific medical conditions.