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If you receive $12,000 today and can invest it at a 3.25% annual rate compounded...

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Question

Finance

If you receive $12,000 today and can invest it at a 3.25% annual rate compounded continuously, what will be your ending value after 20 years?

a. $19,800.00
b. $12,396.41
c. $22,033.95
d. $22,750.06
e. $22,986.49

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