Solve.You deposited $4,000 in an account that pays 12% annual interest compounded continuously. Write the equation to determine the amount, A, you will have in t years. How much will you have in 5 years?
A. A = 4,000e0.12t; $7,288.48
B. A = 4,000et; $593,652.61
C. A = 4,000e0.12; $4,509.99
D. A = 4,000(1.01)12t; $7,266.79
Answer: A
Mathematics
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