Provide an appropriate response.
The compound amount when an investment is compounded continuously is expressed by the formula A = Peni, where A is the compound amount, P is the principal, n is the number of years, and i is the interest rate per year. Find the compound amount of an investment of $1,000 at an interest rate of 8% for 20 years if it is compounded continuously.
A. $4,660.96
B. $39,810.72
C. $4,953.03
D. $470.00
Answer: C
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