Math 1244 Math 1314 Lab 5 page 2 3. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend Lyla invests $3000 in a certificate of deposit that pays 7.75% compounded continuously. For Linda: a. State which formula should be used to solve this problem. b. Write the function for Linda. c. Determine how much Linda would have in her account after 20 years. Linda's amount: Work:

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