In: Math
An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when the interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously. Then find (e) the doubling time T for the given interest rate. Round to the nearest cent or nearest tenth of a year as needed. P= $750, r=2.03%, t=11 yr