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9) An account pays 6% compounded continuously. Determine amount in the account after 5 years if $1000 are deposited every year. A. $6658 B. $5856

9) An account pays 6% compounded continuously. Determine amount in the account after 5 years if $1000 are deposited every year.

A. $6658

B. $5856

C. $4776

D. $5658

10) In how many years will a deposit in an account that pays 4% compounded annually doublein value?

A. 20 years

B. 25 years

C. 30 years

D. 45 years

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