Find the future value and interest earned if $8804.56 is

Last updated: 7/20/2022

Find the future value and interest earned if $8804.56 is invested for 8 years at 4% compounded (a) semiannually and (b) continuously. (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) The future value when interest is compounded continuously is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.)