Suppose you invest $3000 at an interest rate of 8%, compounded annually. Calculate the equivalent interest rate under continuous ments compounding (find the interest rate r that would give the same result if interest were compounded continuously). ns Hint: You can consider the situation for 1 year (let t = 1). Or = In(3000) gn Or = In(1.08) ck 1.3 OT= 3000 m 1.08 Schedule O 3000 8 Gallery Or = In(8)