12. [-10.05 Points] DETAILS TANAPMATH5 4.1.038. MY NOTES PRACTICE ANOTHER Use logarithms solve the problem. How long will it take an Investment of $10,000 to double if the Investment earns Interest at the rate of 6% compounded continuously? (Round your answer to two decimal places.) 13. [-10.05 Points] DETAILS TANAPMATH5 4.1.052. MY NOTES PRACTICE ANOTHER A young man is the beneficiary of a trust fund established for him 18 yr ago at his birth. If the original amount placed in trust was $30,000, how much will he receive if the money has earned interest at the rate of 12%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.) compounded annually $ compounded quarterly $ compounded monthly $ 14. (-/0.05 Points] DETAILS TANAPMATH5 4.1.056. MY NOTES PRACTICE ANOTHER Anthony invested a sum of money 7 yr ago in a savings account that has since paid interest at the rate of 12%/year compounded quarterly. His investment is now worth $57,198.19. How much did he originally invest? $ 15. [-10.05 Points] DETAILS TANAPMATHS 4.1.058. MY NOTES PRACTICE ANOTHER Fleet Street Savings Bank pays interest at the rate of 4.25%/year compounded weekly (assume a 52-week year) in a savings account, whereas Washington Bank pays interest at the rate of 4.125%/year compounded daily (assume a 365-day year). Which bank offers a better rate of interest? O Fleet Street Savings Bank O Washington Bank