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Complete the Table for a Savings Account in Which Interest

Question 7

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously.  Initial investment  Annual rate  Time to double  Amount after 10 years $11,000$21996.76\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual rate } & \text { Time to double } & \text { Amount after 10 years } \\\hline \$ 11,000 & \ldots& \ldots & \$ 21996.76 \\\hline\end{array} (Round the answer up to two decimal places. )


A) Annual rate: 8.93%8.93 \% Time to double: 10 yry r
B) Annual rate: 6.93%6.93 \% Time to double: 15 yr
C) Annual rate: 10.93%10.93 \% Time to double: 10 yry r
D) Annual rate: 6.93%6.93 \% Time to double: 14 yr
E) Annual rate: 6.93%6.93 \% Time to double: 10 yry r

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