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Complete the Table for a Savings Account in Which Interest

Question 21

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously.  Initial investment  Annual rate  Time to double  Amount after 10 years ....5.78%....$10694.82\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual rate } & \text { Time to double } & \text { Amount after 10 years } \\\hline ....&5.78 \% & .... & \$ 10694.82 \\\hline\end{array} (Round the answer up to two decimal places. )


A) Initial investment: $10000\$ 10000 Time to double: 13 yr
B) Initial investment: $9000\$ 9000 Time to double: 10 yr
C) Initial investment: $7000\$ 7000 Time to double: 12 yr
D) Initial investment: $6,000\$ 6,000 Time to double: 12 yr
E) Initial investment: $8000\$ 8000 Time to double: 12 yr

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