Use the Formula $A = p e ^ { r t }$

question 196

Multiple Choice

Use the formula $A = p e ^ { r t }$ to find the total amount of money accumulated at the end of the indicated time period by compounding continuously: $13,000 for 12 years at 9%. The choices are rounded to the nearest cent.

• A) $38,280.83
• B) $14,178.09
• C) $103,358.25
• D) $95,702.09
• E) $15,312.33

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