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a. How much will $100 grow to if invested at a continuously compounded interest rate of 8.25% for 7 years? (Do not round intermediate calculations.
a. | How much will $100 grow to if invested at a continuously compounded interest rate of 8.25% for 7 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Future value | $ |
b. | What if it is invested for 8.25 years at 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Future value | $ |
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