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At T=0, you deposit $1,025 into an account, earning a nominal annual rate of 18.2322%, compounded continuously. You plan on depositing an additional $1,025 each
At T=0, you deposit $1,025 into an account, earning a nominal annual rate of 18.2322%, compounded continuously. You plan on depositing an additional $1,025 each year, at T=1, T=2, etc. Doing this, your account will have a balance of $35,000 at T=X. What is X?
a.10.43 b.10.33 c.10.15 d.10.20 e. 10.07
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