Find the amount of an annuity if $200 per month is paid into it for a period of 17 years, earning interest at the rate of 7% per year compounded continuously. Round you answer to the nearest dollar.
A) $284,751
B) $130,510
C) $78,414
D) $84,009
E) $144,734

Question

Find the amount of an annuity if $200 per month is paid into it for a period of 17 years, earning interest at the rate of 7% per year compounded continuously. Round you answer to the nearest dollar. ​
A) $284,751
B) $130,510
C) $78,414
D) $84,009
E) $144,734

Quizplus · Accepted Answer

The Answer of Find the amount of an annuity if $200 per month is paid into it for a period of 17 years, earning interest at the rate of 7% per year compounded continuously. Round you answer to the nearest dollar. ​
A) $284,751
B) $130,510
C) $78,414
D) $84,009
E) $144,734

Find the Amount of an Annuity If $200 Per Month