Test: College Algebra


Jeffrey has won a lottery and has elected to take a $10,000 per month payment.

At the beginning of the year, Jeffrey deposits the first payment of $10,000 in an account that pays 7.6% interest annually, compounded continuously. At the very beginning of each month, he deposits another $10,000. How much will he have at the very end of the year? 

1/40 questions


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