Juan's grandfather was planning to give Juan $12,000 10 years from now. Juan convinced his grandfather to give him $6,000 now instead. If Juan invests this $6,000 at 7.5% compounded continuously, how much money will he have 10 years from now? a} What type of problem is this? Future Value - Compound Interest v x b] How much will Juan have? 5 13,958.27 x Carmen spends $4.95 for a boba tea almost every afternoon. This amounts to about $100 per month. If she invested this amount ($100} into an account earning 5% at the end of each month, how much wiLl she have 5 years from now? a} What type of problem is this? Future Value - Compound Interest v x b] How much wiLl she have? 5