Solve the problem.If Emery has $2,000 to invest at 7% per year compounded monthly, how long will it be before he has $3,300? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)
A. 0.091 yrs, 0.715 yrs
B. 89.65 yrs, 7.44 yrs
C. 0.617 yrs, 0.596 yrs
D. 7.175 yrs, 7.154 yrs
Answer: D
Mathematics
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