The table below shows what each sister did with their investment and how it changed over the course of the 8 years: Michelle $2000 earned 3.5% annual interest compounded monthly
$1000 grew, compounded continuously at rate of 1.8% annually
Kristen $2500 earned 1.2% annual interest compounded quarterly
$500 increase in value at a rate of 2.25% compounded quarterly
Gabriella $3000 grew, compounded continuously at rate of 2.2% annually
Judy $1050 earned exponentially at a rate of 2.5% annually
$1950 earned 2.8% annual interest compounded biannually (twice a year)
(Score for Question 1: ___ of 4 points)
1. What is the balance of Michelle’s $3000 after 8 years?

2. What is the balance of Gabriella’s $3000 after 8 years?

(Score for Question 4: ___ of 4 points)
3. What is the balance of Judy’s $3000 after 8 years?

(Score for Question 2: ___ of 4 points)
a. What is the balance of Kristen’s $3000 after 8 years?

(Score for Question 5: ___ of 4 points)
4. Who has the most money at the end of the 8 years? If you were to choose one of the options to use for your own money, which option would you choose? Describe why you would choose this option.
Answer