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In Six Years' Time,you Are Scheduled to Receive Money from a Trust

Question 3

Multiple Choice

In six years' time,you are scheduled to receive money from a trust established by your grandparents.When the trust matures there will be $100,000 in the account.If the account earns 9% compounded continuously,how much is in the account today?


A) $55,361.08
B) $58,274.83
C) $61,188.57
D) $64,247.99
E) $67,460.39

Correct Answer:

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