Consider the following investment options. Option 1: invest $3000 for 8 years at 6% compound annually Option 2: invest $3000 for

Question

Consider the following investment options.
Option 1: invest $3000 for 8 years at 6% compound annually
Option 2: invest $3000 for 8 years compounded continuously at 5%
How much will each investment be worth after 8 years? (Round your answers to the nearest cent.)
Option 1 $
Option 2 $
Which investment will earn more money?
O Option 1
Option 2

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