Provide an appropriate response. A man with $9000 to invest puts the money into an account that earns 8% compounded continuously. Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000. Use the formula P = Ae-rt. 

A.

7.45 years
B.

6.28 years
C.

0.84 years
D.

3.14 years


Answer: D

Mathematics

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