If $70007000 is invested at 33% compounded continuously, what is the amount after 55 years?
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Part 1
Which of the following is the appropriate formula with the correct values substituted? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice.
A.
Upper A equals Upper P left parenthesis 1 plus i right parenthesis Superscript nA=P(1+i)n, with Pequals=enter your response here, iequals=enter your response here, and nequals=enter your response here
B.
Upper A equals Upper P e Superscript rtA=Pert, with Pequals=enter your response here, requals=enter your response here, and tequals=enter your response here
C.
Upper A equals Upper P left parenthesis 1 plus rt right parenthesisA=P(1+rt), with Pequals=enter your response here, requals=enter your response here, and tequals=enter your response here