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If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years? Use the continuous compound interest formula: A = Pert.

a. $198.55
b. $209.51
c. $295.01
d. $2,950.14

2 Answers

4 votes

Answer:

Got it correct on quiz.

Explanation:

Its $295.01!

User Teymourlouie
by
7.4k points
2 votes

Answer:

answer is c) 295.01

hope this helps

User Jaksky
by
9.1k points
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