Question: Find the future value and interest eamed if $8704.56 is invested for 9 years at 5% compounded (a) semiannually and (b) continuously. (a) The

Find the future value and interest eamed if $8704.56 is invested for

Find the future value and interest eamed if $8704.56 is invested for 9 years at 5% compounded (a) semiannually and (b) continuously. (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) The future value when interest is compounded continuously is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed.)

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