Which investment will earn more money, a $1,000.00 investment for 6 years at continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 a) 11% compounded continuously would be worth $ 870.41
Which investment will earn more money, a $1,000.00 investment for 6 years at continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 a) 11% compounded continuously would be worth $ 870.41
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...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning