The current social security contribution rate is 6.2% of taxable wages for an employer
and the same for the employee, for a total of 12.4%. if maria makes a bi-weekly taxable
wage of $1,850.00, how much is contributed to her social security account each year?
a. $5,964.40
b. $6,145.80
c. $5,435.70
d. $6,123.50

A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.