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Bill Gates has $8 million in a bank account paying a nominal annual interest rate of r(m) = 6%. No matter how frequent the compounding

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Bill Gates has $8 million in a bank account paying a nominal annual interest rate of r(m) = 6%. No matter how frequent the compounding (no matter how big m is), Bill will never have more than $X in his account at the end of the year. What is X to the nearest $1? (Note: you will have to use more than 5 decimal places of accuracy in your computation 5 decimal places will only get you the right answer to the nearest $100!) Answer: Certainty @C=1 (Unsure: -67%) C=2 (Mid: > 67%) C=3 (Quite sure: > 80%)

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