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
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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