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Mathematics 14 Online
TheJag18:

(Continuously Compounded Interest LC) A business owner applies for a credit card to cover $13,000 in emergency expenses. The credit card charges 19.99% annual interest compounded continuously. If no payments are made for 2 years, what will the balance on the card be, rounded to the nearest penny? $15,855.25 $15,876.65 $19,337.60 $19,389.84

Deadshot:

$19,434.61

TheJag18:

thats not a choice

Deadshot:

sorry 19,337.60

TheJag18:

np :)

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