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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 2008, into an account that pays interest at a rate of 4.8% compounded continuously. t
(a) Calculate the value of the account in December 2010.(Round your answer to three decimal places.)
$9.853 billion
(b) How much would GM have had to invest at the end of December 2008, in one lump sum, into this account to build the same 2-year future value as the one found in part (a)?(Round your answer to three decimal places.)
$26.572 billion
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