Myra invested $10,000 in an account earning a nominal 8% per year compounded continuously. How much was in the account at the end of one year? Round the answer to the nearest dollar. Select the correct answer below:   10,833   10,733   10,633   10,533   10,433   10,333

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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Myra invested $10,000 in an account earning a nominal 8% per year compounded continuously. How much was in the account at the end of one year? Round the answer to the nearest dollar.

Select the correct answer below:

 
10,833
 
10,733
 
10,633
 
10,533
 
10,433
 
10,333
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