Charlie does the following problem: 3 3 • 3 2 = 3 6 = 3 • 3 • 3 • 3 • 3 • 3 = 729. which of the following is a true statement? he is incorrect because he should have 6 factors of 9. he is incorrect because he should have only 5 factors of 3. he is incorrect because he should have 3 factors of 6. he is correct.

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.