10) James wants to invest $8,000. He can invest the money at 7.2% simple interest 10) for 30 yr or he can invest at 7% with interest compounded continuously for 30 yr. Which option results in more total interest?
10) James wants to invest $8,000. He can invest the money at 7.2% simple interest 10) for 30 yr or he can invest at 7% with interest compounded continuously for 30 yr. Which option results in more total interest?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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