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Solve the Problem. -How Long Will It Take for the Value of an Value

Question 3

Multiple Choice

Solve the problem.
-How long will it take for the value of an account to be $890 if $350 is deposited at 11% interest compounded continuously? Round your answer to the nearest hundredth.


A) 10.41 yr
B) 0.93 yr
C) 9.33 yr
D) 8.48 yr

Correct Answer:

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