Which investment will earn more money, a $3000 investment for 7 years at 7% compounded annually or a $3000 investment for 7 years compounded continuously at 6%? 7% compounded annually 6% compounded continuously
Which investment will earn more money, a $3000 investment for 7 years at 7% compounded annually or a $3000 investment for 7 years compounded continuously at 6%? 7% compounded annually 6% compounded continuously
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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