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1. What is the accumulated value of $1325 in 4 years if interest is earned at a nominal rate of 4% compounded: A) Monthly? B)

1. What is the accumulated value of $1325 in 4 years if interest is earned at a nominal rate of 4% compounded: A) Monthly? B) Continuously?

2. Gary's account balance started at a balance of $850, and 30 months later it has increased by 113.18 dollars. What is the continuous rate of increase?

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