Jon’s grandfather was planning to give him $11,000 in 14 years.  Jon has convinced him to pay him $7,000 now, instead.  If Jon invests this $7,000 at 6.5% compounded continuously how much money will he have in 14 years? a)  What type of problem is this?  Select an answer Future Value -Simple Interest Future Value - Compound Interest Future Value - Continuously Compounded Future Value - Ordinary Annuity Future Value - Annuity Due Present Value - Ordinary Annuity Present Value - Annuity Due  b) How much will he have?   (round to the nearest cent) $

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