The Future Value S of an Investment Earning 7% Compounded

question 14

Multiple Choice

The future value S of an investment earning 7% compounded continuously is a function of the principal P and the length of time t that the principal been invested. It is given by . Find the future value of $42,000 invested for 30 years. ​

• A) $45,045.34
• B) $343,326.42
• C) $300,979.14
• D) $8.17
• E) $342,979.14

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