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Question 1 (1 point) What nominal interest rate continuously compounded would be required to double an investment after only 10 years? Note: round interest rates
Question 1 (1 point) What nominal interest rate continuously compounded would be required to double an investment after only 10 years? Note: round interest rates to the nearest hundredth of a percent (or to 4 places after the decimal if using proportions). AJ Question 2 (1 point) How much money would you have at the end of 10 years if you initially invested $2,000 at a nominal interest rate of 5% compounded monthly for the first 5 years, and 7% compounded monthly for the last 5 years? Note 1: For some of your steps you will need to calculate interest rates - when doing so, round to the nearest hundredth of a percent (or to 4 places after the decimal if using proportions). Note 2: If you think the answer is $150.000 then enter 150000 which means there should be no units, commas, or decimals, and rounded to the nearest integer (dollar), HI
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