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If $8,000 Is Invested at an Annual Rate of 7

question 54

Multiple Choice

If $8,000 is invested at an annual rate of 7.5% compounded continuously, find the future value after 7.5 years. Round your answer to the nearest cent. ​


Definitions:

Monthly

Pertaining to or occurring once every month.

Daily

Daily refers to something done, occurring, or measured every day or each business day.

Inventory Column

A column in financial spreadsheets or ledgers that records the quantities and values of products a company has in stock.

Cash Payments Journal

A journal used in accounting to record all payments made by a company, including expenses and purchases.

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