Question: 4. [-12 Points] DETAILS LCALCCONS 6.2.014. MY NOTES ASK YOUR TEACHER The revenue of oral Motors Company (GM) in December 2008 was 148.98 bilion. Assume
4. [-12 Points] DETAILS LCALCCONS 6.2.014. MY NOTES ASK YOUR TEACHER The revenue of oral Motors Company (GM) in December 2008 was 148.98 bilion. Assume that I continues to invest 3% of the 2008 avenue figure continuously throughout each year, beginning at the end of December 2008, into an account that ways Interest rate of 4.8% compounded continuously calculate the value of the account in December 2010. (Round your answer to three decimal places) billion (b) How much would GM have had to invest at the end of December 2008, in one lump sum, into this account to build the same year future value as the one found in part (a)? (Round your answer to three decimal places.) billion Need Help? Read
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