Question 8

Question Completion Status: QUESTION 8 1 points If you want to have $1000 in an acount that earns 7% continuously compounded interest in 14 years, how much money do you need to invest now? $2,664.46 $387.82 None of these $2,578.53 $375.31 QUESTION 9 1 points On your 18th birthday, you are entrusted with $500,000. It is in a savings account that earns 5.5%, How much can you spend if it wants the account to last forever? Not enough information given $90,909.09 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save