An Account Now Contains $13,200 and Has Been Accumulating Interest

question 23

Multiple Choice

An account now contains $13,200 and has been accumulating interest at a 7% annual rate, compounded continuously, for 9 years.Find the initial deposit.

• A)$13,185.47
• B)$7,030.21
• C)$7,023.91
• D)$13,134.59
• E)$13,135.73

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Definitions:

Confrontation

The act of facing or addressing a conflict, problem, or challenging situation directly.

Mutual Assistance

This concept involves communities or groups coming together to support each other, sharing resources or services for the common good.

Participatory Action Research

A research approach engaging participants as active contributors in the research process to address issues affecting their community or group.

Multidisciplinary Advocacy

A coordinated approach where professionals from diverse fields collaborate to advocate for policy changes, support for individuals, or advancements in research.