Question
How much interest will be earned in an account into which $2,000 is deposited for one year with continuous compounding at a 12% rate? Select
How much interest will be earned in an account into which $2,000 is deposited for one year with continuous compounding at a 12% rate?
Select one:
A.$254.99
B.$352.21
C.$240.00
D.$120.00
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
