For the following amount at the given interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth.$4400 at 4.2%
A. (a) $6421.06
(b) 204.29%
(c) 20.55 years
B. (a) $4400.00
(b) 104.29%
(c) 18.55 years
C. (a) $6421.20
(b) 4.29%
(c) 19.55 years
D. (a) $6421.20
(b) 54.29%
(c) 16.55 years
Answer: C
Mathematics
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