Solve using the formula for exponential growth: How long wil…

Solve using the formula for exponential growth: How long will it take for $9900 to grow to $41,300 at an interest rate of 10.3% if the interest is compounded continuously? Round the number of years to the nearest hundredth (two decimal places).   It will take approximately [blank] years. 

Solve.  Use the compound interest formula:    An initial in…

Solve.  Use the compound interest formula:    An initial investment of $14,000 is appreciated for 11 years in an account that earns 8% interest, compounded semiannually. Find the amount of money in the account at the end of the period. You MUST show your work for this question.  On your scratch paper, copy the problem and show the steps you used to solve it.  Then, hold the paper up to your webcam for at least 5 seconds so that your work can be verified.  Failure to do so will result in a 50% point penalty for this question.