Question: QUESTION 4 How many years will it take for an investment of $1,009 to grow to $2,456 if it is invested at 8% compounded semiannually?

QUESTION 4

  1. How many years will it take for an investment of $1,009 to grow to $2,456 if it is invested at 8% compounded semiannually?

    Please round your answer to the second decimal (e.g. 0.00)

QUESTION

  1. What is the effective annual rate (EAR) with an annual rate of 10.21% compounded continuously?

    Please round your answer to the fourth decimal. (e.g. if the answer is 1.11%, you should input 0.0111).

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