Solve the problem.If Emery has $1400 to invest at 10% per year compounded monthly, how long will it be before he has $2300? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

A. 0.434 yr, 0.414 yr
B. 62.789 yr, 5.164 yr
C. 0.068 yr, 0.496 yr
D. 4.985 yr, 4.964 yr


Answer: D

Mathematics

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