Consider a savings account that pays continuously compounding interest at annual rate 15%. The revenues received from a certain e-commerce website are directed to this savings account immediately. According to the statistics obtained from the web site: * in months January, February, and March, there has been a continuous flow of Si$10000s per month at constant speed, • in months from April to September (inclusively), there has been a continuous flow of $515500$ per month at constant speed, • in months October, November, and December, there has been a continuous flow of siS10000$ per month at constant speed, to the savings account. What is the total accumulated amount in the savings account at the end of the year? Choose the closest value to your answer. A $169040.34 B) $163945.10 $165044.90 D) $167782.65 E) $161810.60

Consider a savings account that pays continuously compounding interest at annual rate 15%. The revenues received from a certain e-commerce website are directed to this savings account immediately. According to the statistics obtained from the web site: * in months January, February, and March, there has been a continuous flow of Si$10000s per month at constant speed, • in months from April to September (inclusively), there has been a continuous flow of $515500$ per month at constant speed, • in months October, November, and December, there has been a continuous flow of siS10000$ per month at constant speed, to the savings account. What is the total accumulated amount in the savings account at the end of the year? Choose the closest value to your answer. A $169040.34 B) $163945.10 $165044.90 D) $167782.65 E) $161810.60

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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