xavier356 xavier356

22-12-2022
Mathematics

Answered

15. Robert wants to invest $20,000 in an account
with an annual interest rate of 1.9%. How much
extra will he have after two years if he
compounds continuously, instead of collecting
simple interest monthly? Round answer to the
nearest dollar.
[A] $800
[B] $750
[C] $711
[D] $683
[E] $821

Answer :

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