Question: One million dollars is invested for 20 years at a nominal annual rate of 10%. Find the amount if interest is compounded: (a) monthly; (b)

One million dollars is invested for 20 years at a nominal annual rate of 10%. Find the amount if interest is compounded: (a) monthly; (b) continuously. O (a) $7,329,074 (b) $7,388,056 O(a) $7,323,074 ( b ) $7,384,056 O (a) $7,327,074 (b) $7,386,056 O (a) $7,328,074 (b) $7,389,056

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