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at the end of December 2 0 0 8 , into an account that pays interest at a rate of 4 . 8 % compounded
at the end of December into an account that pays interest at a rate of compounded continuously.
a Calculate the value of the account in December Round your answer to three decimal places.
$ billion
b How much would GM have had to invest at the end of December in one lump sum, into this account to build the same year future value as the one found in part aRound your answer to three decimal places.
$ billion
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