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An Account Now Contains $11,000 and Has Been Accumulating 7

Question 9

Multiple Choice

An account now contains $11,000 and has been accumulating 7% annual interest, compounded continuously, for 10 years. Find the initial deposit.


A) $5,448.44
B) $5,462.44
C) $5,467.00
D) $5,463.69
E) $5,466.19

Correct Answer:

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