The revenue of General Motors Company (GM) in December 2008 was $148.98 billion. Assume that GM...

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The revenue of General Motors Company (GM) in December 2008 was $148.98 billion. Assume that GM continues to invest 3% of the 2008 revenue figure continuously throughout each year, beginning at the end of December 2008, into an account that pays interest at a rate of 4.8% compounded continuously.t (a) Calculate the value of the account in December 2011. (Round your answer to three decimal places.) $ 17.474 xbillion (b) How mych would GM have had to invest at the end of December 2008, In one lump sum, into this account to build the same 3-yeasfuture value as the one found in part (a)? (Round your answer to three decimal places.) $15,1305 xbillion The revenue of General Motors Company (GM) in December 2008 was $148.98 billion. Assume that GM continues to invest 3% of the 2008 revenue figure continuously throughout each year, beginning at the end of December 2008, into an account that pays interest at a rate of 4.8% compounded continuously.t (a) Calculate the value of the account in December 2011. (Round your answer to three decimal places.) $ 17.474 xbillion (b) How mych would GM have had to invest at the end of December 2008, In one lump sum, into this account to build the same 3-yeasfuture value as the one found in part (a)? (Round your answer to three decimal places.) $15,1305 xbillion

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Answen Rt 003 X 14898 billion 4 4694 billion dallars er year 3 M3t ol... View the full answer