Find the amount of a continuous money flow in which 1500 per year is being invested at 5.5%, compounded continuously for 40

Question

Find the amount of a continuous money flow in which 1500 per year is being invested at 5.5%, compounded continuously for 40 years. Round the answer to the nearest cent.
A. $218,864.00
B. $246,136.73
C. $1,203,752.02
D. $273,409.46

Kunduz · Accepted Answer

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