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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Definitions:

Average Variable Cost

The cost per unit of variable inputs divided by the total quantity of output produced.

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Quantity of Output

The total amount of goods or services produced by a firm or economy over a specific period.

Total Cost

The total expenses involved in creating goods or services, encompassing both constant and changeable costs.