Question 1
Find the future value of a CD paying a 3% APR compounded continuously if you invest $3000
for a term of four years. Round your answer to the nearest cent.
◦ $3278.18
◦ $3282.52
◦ $3409.43
◦ $3376.53
◦ $3382.49
Question 2
Find the future value of a CD paying a 3.5% APR compounded continuously if you invest $4000
for a term of five years. Round your answer to the nearest cent.
◦ $4764.98
◦ $4601.10
◦ $4555.31
◦ $4750.75
◦ $4705.79