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Please show work. An investor plans to invest $18,000 for two years. (10 pts each part) a. How much money will she have at the
Please show work.
An investor plans to invest $18,000 for two years. (10 pts each part) a. How much money will she have at the end of two years if she invests in a fund that offers a 6% annual rate compounded monthly? Round your answer to the nearest cent. Amount after 2 years: $ b. If she looked for another fund that compounds interest continuously, what annual rate would the fund have to offer in order for her to have as much after two years as your answer in part a? Round your answer to the nearest .001% Lowest Annual Rate compounded continuously: %Step by Step Solution
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