Quarterly deposits of $5,000 are being made on a high yield investment that earns an interest rate of 20% per year compounded continuously. How much money will be in this investment at the end of the 20th year? Choose the closest answer OA. 4,842,000 OB. 4,856,000 OC. 6,652,000 OD. 5,236,000

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Quarterly deposits of $5,000 are being made on a high yield
investment that earns an interest rate of 20% per year
compounded continuously. How much money will be in this
investment at the end of the 20th year?
Choose the closest answer
OA. 4,842,000
OB. 4,856,000
OC. 6,652,000
OD. 5,236,000
Transcribed Image Text:Quarterly deposits of $5,000 are being made on a high yield investment that earns an interest rate of 20% per year compounded continuously. How much money will be in this investment at the end of the 20th year? Choose the closest answer OA. 4,842,000 OB. 4,856,000 OC. 6,652,000 OD. 5,236,000
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