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If the interest is compounded continuously, which of the following is the best estimate of the worth of each $1.00 invested for 3 years at 6.75%?
If the interest is compounded continuously, which of the following is the best estimate of the worth of each $1.00 invested for 3 years at 6.75%?
A . 1.0725
B . 1.1801
C . 1.1841
D . 1.2245
E . 1.3231
Answer: D
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