What is the future value of investing

Reference no: EM13256344

1. You are going to loan your friend $1,000 for one year at a 5% rate of interest. How much additional interest can you earn if you compound the rate continuously rather than annually?

2.What is the future value of investing $3,000 for 3/4 year at a continuously compounded rate of 12%?

Reference no: EM13256344

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