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If $100 is invested at a 6.5% nominal rate of interest, determine (a) the value of the investment after 15 years when interest is compounded

If $100 is invested at a 6.5% nominal rate of interest, determine

(a) the value of the investment after 15 years when interest is compounded yearly is Answer (provide your answer to 2 decimals, exclude the dollar sign '$' from your answer)

(b) the value of the investment after 15 years when interest is compounded continuously is Answer (provide your answer to 2 decimals, exclude the dollar sign '$' from your answer)

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