Question: Given PV = $1,500, find its future value in 10 years (FV10), if the stated annual rate of interest, r, is equal to 7.30 percent

Given PV = $1,500, find its future value in 10 years (FV10), if the stated annual rate of interest, r, is equal to 7.30 percent compounded continuously (c = ).

a. $3,112.62

b. $2,595.00

c. $3,034.51

d. $3,072.40

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