how much more interest will be earned if $4500 is invested for 7 years at an annual rate of 11% compounded continuously, instead of at 11% compounded quarterly?
how much more interest will be earned if $4500 is invested for 7 years at an annual rate of 11% compounded continuously, instead of at 11% compounded quarterly?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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how much more interest will be earned if $4500 is invested for 7 years at an annual rate of 11% compounded continuously, instead of at 11% compounded quarterly?
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