As the number of times you compound the interest per year increases, the interest also increases. However, it will never be greater than the following formula for "continuous" compound interest:

rt

A=Pe

Use the compound interest formula and the continuous compound interest formula to answer the following question:

You just won $150,000 in the lottery and you decide to invest the money for 20 years to save for your retirement. However, you only get to choose one of the 4 options below. Which one would you pick and why?

A certificate of deposit paying 5.4% interest compounded annually?

A money market certificate paying 5.35% interest compounded semi-annually?

A bank account paying 5.3% interest compounded monthly?

A bank account paying 5.25% interest compounded continuously?

ii 2 U {20'} 3. For the. matrix A = 2 3 1 l 2 1 a.) Find all eigenvalues of the matrix. h.) Find all eigenvactors of the matrix. a.) is the matrix diagonaiizabla'.' If at}! state a matrix 1.\" and a diagonal matrix D for which 1312113 = D. 43 3. Assume you want to invest $1000 at the END of every year for the next 5 years. HINT Future Value 15 a. What is the future value in year 5, If interest is compounded annually? 47 b. What is the future value in year 5 if interest is compounded semiannually? MUST use EFF for your interest rate 4. Rework question 3, assuming payments are made at the BEGINNING of each period. HINT Future Value a. What is the future value in year 5, if interest is compounded annually? b. What is the future value in year 5 if interest is compounded semiannually? MUST use EFF for your interest rate> Moving to another question will save this response. Question 5 What happens at the Electron Transport Chain? (choose all that apply) NADH moves across the membrane NADH moves through the chain hydrogen moves through the chain hydrogen moves across the membrane electrons move through the chain electrons move across the chain NADH moves into the chainWhich of the following is true of financial accounting? Financial accounting reports are internal reports issued as frequently as the need arises. Financial accounting reports provide special purpose information for a particular user for a specific decision. Financial accounting reports are required simply to be useful to the decision maker. C Financial accounting reports of publicly traded companies require an independent audit