In 1624, an explorer convinced a group of indigenous peoples to sell him an island for $23. If the indigenous peoples had put the $23 into a bank account paying 8%, how much would the investment be worth in the year 2001 if the interest were compounded a. monthly? b. continuously?. Click the icon to view some finance formulas. a. How much would the investment be worth if the money were compounded monthly? O A. $260,964,493,870,165 O A. 10000=.CO ME $288,435,964,161,922 w Jam 5 20000 OB. b. How much would the investment be worth if the money were compounded continuously? .

In 1624, an explorer convinced a group of indigenous peoples to sell him an island for $23. If the indigenous peoples had put the $23 into a bank account paying 8%, how much would the investment be worth in the year 2001 if the interest were compounded a. monthly? b. continuously? Click the icon to view some finance formulas. a. How much would the investment be worth if the money were compounded monthly? A. $260,964,493,870,165 B. $240,964,554,674,121 C. $282,624,418,155,660 D. $306,082,105,474,339 b. How much would the investment be worth if the money were compounded continuously? A. $288,435,964,161,922 B. $312,458,949,828,968 C. $338,482,739,529,019 D. $266,259,953,403,660