Suppose that you invest $25,000 in a certificate of deposit (CD) at an annual interest rate of 3.25%. What is the value of the investment after 18 years if interest is compounded monthly? B.) Compounded continuously?

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Lucy invests $1,500 into a certificate of deposit (CD) which hasan annual interest of 4.5% and interest is compounded continuouslyfor a period of 8 years. How much money does Lucy have once the CDhas matured (i.e. after 8 years)?

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