What conclusions can be drawn from the answers to questions 3, 4, and 5?

ST1. What is the future value of $1,000 invested for seven years at a nominal interest rate of 10 percent compounded continuously?
ST2. What is the present value of receiving $5,000 eight years from now if the nominal discount rate is 9 percent, discounted continuously?
ST3. Calculate the effective annual rate if the nominal annual rate is 12 percent, compounded continuously L026