Solve the problem.If Emery has $1700 to invest at 7% per year compounded monthly, how long will it be before he has $2100? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)
A. 0.26 yr, 0.252 yr
B. 3.027 yr, 3.019 yr
C. 0.038 yr, 0.302 yr
D. 85.502 yr, 3.304 yr
Answer: B
Mathematics
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Mathematics