Find the Accumulated Amount After 3 Year(s) If $6,000 Is

question 233

Multiple Choice

Find the accumulated amount after 3 year(s) if $6,000 is invested at 8% compounded continuously.

• A) $7,627.49
• B) $7,591.91
• C) $7,609.45
• D) $7,621.42

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Definitions:

Arteries

Blood vessels that carry oxygenated blood away from the heart to the body's tissues, except for the pulmonary arteries, which carry deoxygenated blood to the lungs.

Veins

Blood vessels that carry blood towards the heart, typically carrying deoxygenated blood, except for the pulmonary and umbilical veins.

Sympathetic Nerve Fibers

Part of the autonomic nervous system that prepares the body for stress-related activities.

Tunica Media

The middle layer of the wall of a blood vessel or hollow organ, composed mostly of smooth muscle and elastic fibers, responsible for regulating the diameter of the vessel.