Question 1
Find the interest earned when $9367 is invested at 8% compounded continuously for 4 years.
◦ $3532.56
◦ $4058.44
◦ $2540.52
◦ $3532.10
Question 2
Find the present value of $50,000 due 10 years later at 6.8%, compounded continuously.
◦ $172,249.78
◦ $25,330.85
◦ $25,897.48
◦ $6879.29