Take the current amount you have in your checking or savings account. Suppose you have a choice of keeping your money for five years in a savings account with a 2% interest rate, or in a five year certificate of deposit with and interest rate of 4.5%. Calculate how much interest you would earn with each option over five years time with continuous compounding.

Submit a one to two page paper describing which savings instrument you would prefer and why by the end of the module.

Assignment Expectations:

Solve continuous interest calculations using exponents.