In 1628 , an explorer convinced a group of indigenous peoples to sell him an island for $24. If the indigenous peoples had put the $24 into a bank account paying 6%, how much would the investment be worth in the year 2003 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.$142,390,785,912B.$151,173,138,017C.$134,118,641,570D.$126,327,064,643 b. How much would the investment be worth if the money were compounded continuously? A. B. C. D. $141,852,529,513$133,591,681,294$150,624,200,056$159,938,280,414 In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. A=P(1+nr)ntP=(1+nr)ntAA=PertY=(1+nr)n1