Which investment will earn more money, a $1,000.00 investment for 6 years at 11% compounded continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 months (Round to 2 decimal a) 11% compounded continuously would be worth $ places.) b) 12% compounded every 4 months would be worth $ places.) c) 11% compounded continuously would be worth more O 12% compounded every 4 months would be worth more The would be worth the same. (Round to 2 decimal
Which investment will earn more money, a $1,000.00 investment for 6 years at 11% compounded continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 months (Round to 2 decimal a) 11% compounded continuously would be worth $ places.) b) 12% compounded every 4 months would be worth $ places.) c) 11% compounded continuously would be worth more O 12% compounded every 4 months would be worth more The would be worth the same. (Round to 2 decimal
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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