markaxel6410 markaxel6410

11-03-2024
Mathematics

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Lenny deposits $7,000 in an IRA. What will be the value of his investment in 3 years if the investment is earning 1.95% per year and is compounded continuously? Round your answer to the nearest cent.

A) $7,227.56
B) $7,234.89
C) $7,242.13
D) $7,249.47

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