13) Find the future value of a CD paying a 3.65% APR compounded contInuously if you invest $2500 for a term of 250 days. Round your answer to the nearest dollar. A) $2563 B) $2564 C) $2565 D) $2562 E) $2560

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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13) Find the future value of a CD paying a 3.65% APR compounded contInuously if you invest $2500
for a term of 250 days. Round your answer to the nearest dollar.
A) $2563
B) $2564
C) $2565
D) $2562
E) $2560
Transcribed Image Text:13) Find the future value of a CD paying a 3.65% APR compounded contInuously if you invest $2500 for a term of 250 days. Round your answer to the nearest dollar. A) $2563 B) $2564 C) $2565 D) $2562 E) $2560
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