Solve the problem.If Emery has $2100 to invest at 7% per year compounded monthly, how long will it be before he has $2800? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

A. 0.052 yrs, 0.411 yrs
B. 86.597 yrs, 4.395 yrs
C. 4.122 yrs, 4.11 yrs
D. 0.354 yrs, 0.342 yrs


Answer: C

Mathematics

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