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$2,000 is invested at a 6% annual rate, compounded continuously. How much is in the account at the end of 2 years? Group of answer
$2,000 is invested at a 6% annual rate, compounded continuously. How much is in the account at the end of 2 years?
Group of answer choices
2000 x (1.06)2
2000 xe2
2000 xe0.12
(2000 xe.06)2
AND
You invest $2,000 and earn 10% interest in year 1, 9% in year 2, and 8% in year 3. What is your average return?
Group of answer choices
( 1.10 1.09 1.08 /3 )
( 1.10 1.09 1.08 / 3 ) 1
( 1.10 1.09 1.08 ) ^( 1/3 )
( 1.10 1.09 1.08 ) ^( 1/3 ) 1
None of the above
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