​How Long (In Years)would $800 Have to Be Invested at an Annual

question 212

Multiple Choice

​How long (in years) would $800 have to be invested at an annual rate of 11%,compounded continuously,to amount to $1060? Round your answer to two decimal places. ​

• A) ​2.95 years
• B) ​2.70 years
• C) ​0.56 years
• D) 3.38​ years
• E) ​2.56 years

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