Solve the problem.The purchasing power of a dollar is decreasing at the rate of 4% annually, compounded continuously. How long will it take for the purchasing power of $1.00 to be worth $0.36? Round to the nearest hundredth.
A. 25.54 yr
B. 0.26 yr
C. 9.00 yr
D. 2.55 yr
Answer: A
Mathematics
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, 
B. 
, 
C. 
D. 
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