Question: 1. What is the future value after 12 years if you deposited $15000 for your child'seducation and the interest is guaranteed at 10% compounded continuously?

1. What is the future value after 12 years if you deposited $15000 for your child'seducation and the interest is guaranteed at 10% compounded continuously?

2. What is the interest on $3000 for 10years at 12% compounded continuously?

3. Suppose you want to save $2500 and you put $2000 in the bank at 10% simple interest, how long must you wait?

Could you please help me solve this and provide some explanation?

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