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Problem H02-04 (Points: 0.5/4). Topic: Continuous compounding, IBM receives a constant flow of funds from its world-wide operations. This money in the form of cheques)

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Problem H02-04 (Points: 0.5/4). Topic: Continuous compounding, IBM receives a constant flow of funds from its world-wide operations. This money in the form of cheques) is deposited continuously in many banks with the goal of eaming as much interest as possible for IBM. One billion dollars is deposited each month, and the money eams an average of 0.5% interest a month, com- pound continuously. Assume all the money remains in the accounts until the end of the month. (a) How much interest does IBM eam each month? (6) How much interest would IBM earn each month if it held the cheques and made deposits to its bank ac- counts just four times a month? I assign a co.docx assignment+c docx

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