Answer:
none of the above; $531.71
Step-by-step explanation:
Fill in the given numbers and do the arithmetic.
A = $360·e^(0.13·3) = $360·e^0.39 ≈ $360·1.1.47698
A ≈ $531.71
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None of the offered choices is correct. Have your teacher show you how this problem is worked.
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Answer choice c) is approximately correct for an interest rate of 16%. The correct value would be $581.79.
