To help their son buy a car on his 16th birthday, a boy's parents invest $800 on his 11th birthday. If the investment pays an annual rate of 11% compounded continuously, how much is available on his 16th birthday? Round your answer to the nearest cent.
?

A. $1,154.33
B. $1,386.60
C. $1,265.15
D. $1,590.99
E. $2,000.75


Answer: B

Mathematics

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A.
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