reesescandy06 reesescandy06

05-01-2024
Mathematics

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A small business owner has decided to invest some of the business profits to save for retirement. A total of $25,000 is invested with a continuously compounded annual interest rate of 2.9%. What is the total account balance after 20 years?

$39,500
$46,450.96
$44,557.63
$44,650.96

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