Determine the Value of $10,000 at the End of 3

question 23

Multiple Choice

Determine the value of $10,000 at the end of 3 years invested at 8 percent assuming continuous compounding.

• A) $12,712
• B) $12,400
• C) $32,460
• D) $12,600

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Definitions:

Plans

Detailed proposals for achieving specific goals or objectives within a certain timeframe.

Purchase

The act of buying goods or services.

Companies

Legal entities formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Top Managers

Executives at the highest level of an organization who are responsible for setting policies and making critical decisions.