Continuously compounded interest rate

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Reference no: EM131825247

1. How much will $100 grow to if invested at a continuously compounded interest rate of 10% for 8 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2. How much will $100 grow to if invested at an annual interest rate of 10% for 8 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131825247

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