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You have $500 to invest at 3% continuously compounded. How much do you have in 5 years?
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Without multiplying, tell which product is larger and why. 5 × 1/3 or 5 × 2/3 a)5 × 1/3 because 1/3 is less than 2/3 b) 5 × 1/3 because 1/3 is greater than 2/3 c) 5 × 2/3 because 1/3 is less than 23 d) 5 × 23 because 1/3 is greater than 2/3
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You have $500 to invest at 3% continuously compounded. How much do you have in 5 years?...
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