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Suppose that you have $4000 to invest. Which investment yields the greater return over 9 years: 7.5% compounded continuoùsly or 7.6% compounded semiannually? A) Both investment plans yield the same return. B) $4000 invested at 7.6% compounded semiannually over 9 years yields the greater return. C) $4000 invested at 7.5% compounded continuously over 9 years yields the greater return. a) b) c) d)

Suppose that you have $4000 to invest. Which investment yields the greater return over 9 years: 7.5% compounded continuoùsly or 7.6% compounded semiannually? A) Both investment plans yield the same return. B) $4000 invested at 7.6% compounded semiannually over 9 years yields the greater return. C) $4000 invested at 7.5% compounded continuously over 9 years yields the greater return. a) b) c) d)

Intermediate Algebra
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Suppose that you have $4000 to invest. Which investment yields the greater return over 9 years: 7.5% compounded continuoùsly or 7.6% compounded semiannually? A) Both investment plans yield the same return. B) $4000 invested at 7.6% compounded semiannually over 9 years yields the greater return. C) $4000 invested at 7.5% compounded continuously over 9 years yields the greater return. a) b) c) d) MacBook Air 60 388 ラ E F B 2N M 36 eption command 00 5 ON
Transcribed Image Text:Suppose that you have $4000 to invest. Which investment yields the greater return over 9 years: 7.5% compounded continuoùsly or 7.6% compounded semiannually? A) Both investment plans yield the same return. B) $4000 invested at 7.6% compounded semiannually over 9 years yields the greater return. C) $4000 invested at 7.5% compounded continuously over 9 years yields the greater return. a) b) c) d) MacBook Air 60 388 ラ E F B 2N M 36 eption command 00 5 ON
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