Find the compound amount and the interest earned when the given investment has continuous compounding.
-$\$ 110,000$ at $4.6 \%$ for 17 years
A) $\$ 240,442.35 ; \$ 130,442.35$
B) $\$ 251,761.03 ; \$ 141,761.03$
C) $\$ 11,517.82 ; \$ 5178.19$
D) $\$ 118,602.00 ; \$ 8602.00$

Question

Quizplus · Accepted Answer

The correct answer is A because the compound amount is $240,442.35 and the interest earned is $130,442.35.

Find the Compound Amount and the Interest Earned When the Given