Question: Compute the future value of $2,500 continuously compounded for (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign

Compute the future value of $2,500 continuously compounded for (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)

a. 6 years at a stated annual interest rate of 11 percent.

Future value $

b. 6 years at a stated annual interest rate of 12 percent.

Future value $

c. 11 years at a stated annual interest rate of 4 percent.

Future value $

d. 9 years at a stated annual interest rate of 6 percent.

Future value $

First National Bank charges 13.9 percent compounded monthly on its business loans. First United Bank charges 14.2 percent compounded semiannually.

Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations. Round the final answers to 2 decimal places.

	EAR
First National		%
First United		%

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