1.) How many years will it take for an initial investment of $10,000 to grow to $35,000?Assume a rate of interest of 20% compounded continuously.

2.)Jim places $10,000 in a bank account that pays 13.7% compounded continuously. After 2 years, will he have enough money to buy a car that costs $13,160? If another bank will pay Jim 14% compounded quarterly, is this a better deal?

3.) Trish invests $6,000 in her IRA in a bond trust that pays 6% interest compounded quarterly. Sean invests $6,000 in his IRA in a certificate of deposit that pays 5.9% compounded continuously. Who has more money after 20 years, Trish or Sean?