If $18000 Is Invested at an Interest Rate of 4

question 207

Multiple Choice

If $18000 is invested at an interest rate of 4.5% compounded continuously what is the amount of the investment after 10 years? Rounded to the nearest hundredth.

• A) $38626.59
• B) $38040.78
• C) $38681.90
• D) $18000
• E) $18828.50

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