Solve the Problem. -If Emery Has $1200 to Invest at 8% Per Year

question 217

Multiple Choice

Solve the problem.
-If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the compounding is continuous, how long will it be? (Round your answers to three decimal
Places.)

• A)8.693 yrs, 8.664 yrs
• B)0.751 yrs, 0.722 yrs
• C)80.889 yrs, 8.914 yrs
• D)0.113 yrs, 0.866 yrs

---

Definitions:

Work Experience

Describes the duration and roles someone has been employed in, revealing their professional background.

Work History

A record of an individual's past employment, detailing positions held, durations, and responsibilities.

Gaps

The differences or discrepancies between current conditions and desired goals or results.

Résumé

A résumé is a document used by individuals to present their background, skills, and accomplishments, especially for securing employment.