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The equation for compound interest is A = P.ert where P is the initial amount invested, ris the interest rate as a decimal, and
The equation for compound interest is A = P.ert where P is the initial amount invested, ris the interest rate as a decimal, and t is the number of years. Jason plans to invest $9,000 in an account at Union Bank. The annual rate is 3.78% compounded continuously. How much does Jason have at the end of 10 years? $12,768.33 $13,050.26 $13,134.27 $15,640.22
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Accounting Information Systems
Authors: Jr Ulric J Gelinas, Ulric J Gelinas, Richard B Dull
8th Edition
0324663803, 9780324663808
