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Question 6 of 10 How much would $500 invested at 8% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent. A(t)- Pet OA. $635.61 B. $641.28 C. $623.00 D. $629.86
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Question 6 of 10

How much would $500 invested at 8% interest compounded continuously be
worth after 3 years? Round your answer to the nearest cent.
A(t)- Pet
OA. $635.61
B. $641.28
C. $623.00
D. $629.86
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User Topicus
by
8.3k points

1 Answer

4 votes

Answer:

($500)(e^(.08 × 3)) = $635.62

The correct answer is A.

User Pmellaaho
by
7.7k points
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