If $7,000 is invested with an interest rate of 6%, compounded continuously, determine the amount of money in the account after 5 years. Use the formula . Round your answer to the nearest cent.

a.  $9,449.01
b.  $12,754.83
c.  $10,033.31
d.  $1,038,892.11


a.  $9,449.01

Mathematics

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