Continuous compounding-compute the future value

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Reference no: EM131975794

1. Continuous compounding: compute the future value of $1625 continously compounded for a) five years at an annual percentage rate of 14% c) ten years at an annual percentage rate of 8%.

2. If you deposit $4,176 in a bank account that pays 2% interest compounded monthly, how much will be in your account after 3 years?

Please round your answer to the second decimal without dollar sign (e.g. 0.00

Reference no: EM131975794

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