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  3. a. if $80,000 is invested at 8%, compounded annual

a. If $80,000 is invested at 8%, compounded annually, find the future value in 2...

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Algebra

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a. If $80,000 is invested at 8%, compounded annually, find the future value in 2 years.$93312(Simplify your answer. Round to the nearest cent as needed.)b. If $80,000 is invested at 8% interest, compounded continuously, the future value is $93,880.87. How does this compare to the result from part (a)?The amount found with continuous compounding yields $ more.(Round to the nearest cent as needed.)

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