To help their son buy a car on his 16th birthday, a boy's parents invest $1,900 on his 10th birthday. If the investment pays an annual rate of 9% compounded continuously, how much is available on his 16th birthday? Round your answer to the nearest cent.
A. $3,240.96
B. $3,260.41
C. $3,186.49
D. $2,926.00
E. $16,475.16
Answer: B
Mathematics
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