An Account Now Contains $9,100 and Has Been Accumulating Interest

question 59

Multiple Choice

An account now contains $9,100 and has been accumulating interest at a 14% annual rate, compounded continuously, for 12 years.Find the initial deposit.

• A)$1,703.55
• B)$8,924.39
• C)$8,920.98
• D)$1,696.00
• E)$9,029.10

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Definitions:

Social Media Campaign

A coordinated marketing effort designed to reinforce or assist with a business goal using one or more social media platforms.

Brand Style

The distinct design, visual look, and feel of a brand's marketing and communication materials.

Content Strategy

How you go about sharing specific assets online depending on the audience, platform, and community related to your personal brand.

Corporate Channels

Official communication pathways used by businesses to disseminate information, engage with audiences, or market products.