(Solved by Humans)-Ben Tallmadge invests a one-time payment of $5,000 in a
Question
Ben Tallmadge invests a one-time payment of $5,000 in a retirement account that will earn 15 percent annually.? How much money will Ben have in the account at the end of 30 years if the interest is continuously compounded?
| a. $450,086 |
| b. $550,068 |
| c. $912,334 |
| d. $2,173,726 |
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