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You Plan to Invest $P Today for 15 Months,at Which

Question 42

Multiple Choice

You plan to invest $P today for 15 months,at which time you wish to $15,000.What is the value of P if you can earn interest at 7% compounded continuously?


A) $13,743.28
B) $13,746.78
C) $13,783.56
D) $13,985.91

Correct Answer:

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