a. If $80,000 is invested at 8%, compounded annually, find

Last updated: 7/6/2022

a. If $80,000 is invested at 8%, compounded annually, find the future value in 2 years. $93312 (Simplify your answer. Round to the nearest cent as needed.) b. If $80,000 is invested at 8% interest, compounded continuously, the future value is $93,880.87. How does this compare to the result from part (a)? The amount found with continuous compounding yields $ more. (Round to the nearest cent as needed.)