Brad Deposited $5,250 into an Account That Earns 7% Interest

question 16

Multiple Choice

Brad deposited $5,250 into an account that earns 7% interest compounded continuously.How much money will he have in 15 years?

• A)$15,002.67
• B)$12,175.90
• C)$13,957.14
• D)$14,964.25

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Definitions:

Homeowner's Policy

An insurance policy providing coverage for damage to a person's home and possessions within, as well as liability for accidents that occur in the home or on the property.

Independent

A term in statistics that describes two or more variables which do not influence or affect each other.

Independent

Not influenced by or connected to others; in statistics, it often implies that variables are not correlated.

Independent

Not influenced or controlled by others; capable of thinking or acting for oneself.