Question: A company can choose one of two investment plans, A and B. Under plan A, it can invest $2400 at 9.0% p.a., compounded monthly.

A company can choose one of two investment plans, A and B.

A company can choose one of two investment plans, A and B. Under plan A, it can invest $2400 at 9.0% p.a., compounded monthly. Under plan B, it can invest $x at 8.5% p.a., compounded continuously. If the company wants to have the same amount after 4 years using either plan, what is the value of x ?

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