Solve the Problem. -If $7000 Is Invested at 8% Compounded Continuously, Determine the Continuously

question 209

Multiple Choice

Solve the problem.
-If $7000 is invested at 8% compounded continuously, determine the balance in the account after 5 years.

• A)$10,542.77
• B)$9800.00
• C)$10,285.30
• D)$10,442.77

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Definitions:

Primary Key

A primary key is a unique identifier for each record in a database table, used to ensure that each entry is distinct and retrievable.

Principal Key

Another term for primary key, an attribute or set of attributes that uniquely identifies each record in a database table.

Foreign Key

An attribute in a database table that provides a link between data in two tables, typically to enforce referential integrity.

Main Key

A unique identification attribute or field in a database, functionally identical to a primary key.