Question: Question 11 (4.5 points) How much more interest will be earned if $7,000 is invested for 9 years at an annual rate of 9%
Question 11 (4.5 points) How much more interest will be earned if $7,000 is invested for 9 years at an annual rate of 9% compounded continuously, instead of at 9% compounded quarterly? Round your answer to the nearest cent. $47.49 $93.15 $140.64 $2,924.71 $3,017.87
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