Choose the One Alternative That Best Completes the Statement or Answers

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-If Emery has $1,100 to invest at 9% per year compounded monthly, how long will it be before he has $1,400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

A) 0.036 yrs, 0.268 yrs
B) 66.89 yrs, 2.902 yrs
C) 2.69 yrs, 2.68 yrs
D) 0.233 yrs, 0.223 yrs