Find the Accumulated Amount After 5 Year(s) If $7,000 Is

question 142

Multiple Choice

Find the accumulated amount after 5 year(s) if $7,000 is invested at 9% compounded continuously. Round your answer to the nearest cent. ​

• A) $10,959.77
• B) $10,870.79
• C) $10,978.19
• D) $10,923.56

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Definitions:

Bone Density

A measurement indicating the amount of mineral matter per square centimeter of bones, used in assessing osteoporosis and fracture risk.

Osteopenia

A condition characterized by lower than normal bone density, which can precede osteoporosis.

Osteomyelitis

An infection of bone, which can lead to bone damage and loss if untreated.

Periosteum

The dense layer of vascular connective tissue enveloping the bones except at the surfaces of the joints.