The revenue of General Motors Company (GM) in December 2008 was $148.98 billion. Assume that GM continues to invest 3% of the 2008 revenue figure continuously throughout each year, beginning at the end ofDecember 2008,into an account that pays interest at a rate of4.8% compoundedcontinuously.

(a) Calculate the value of the account in December2010. (Round your answer to three decimal places.) $ (blank) billion (b) How much would GM have had to invest at the end of December 2008, in one lump sum, into this account to build the same2-yearfuture value as the one found inpart (a)? (Round your answer to three decimal places.) $ (blank) billion

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