The Future Value That Accrues When $200 Is Invested at 7

question 119

Multiple Choice

The future value that accrues when $200 is invested at 7%, compounded continuously, is , where t is the number of years. At what rate is the money in this account growing when t = 7? Round your answer to the nearest cent.

• A) $1.63 per year
• B) $326.46 per year
• C) $15.02 per year
• D) $2.15 per year
• E) $22.85 per year

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