Question

Future value. The future value that accrues when $500 is invested at 5%, compounded continuously, is , where t is the number of years. At what rate is the money in this account growing when
A) $7.10 per year
B) $26.81 per year
C) $709.53 per year
D) $517.81 per year
E) $35.48 per year

Answer

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