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Problem 1: Assuming an interest rate of 3.75% p.a., but with continuous compounding, what is the future value at the end of year 25 of $10,000 deposited today?

a. $25,101.67
b. $25,359.62
c. $25,578.14
d. $26,074.95
e. None of the answers listed above are within $0.50 of the correct answer.

Reference no: EM132939314

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