SOLUTION: How much more would you earn in the first investment than in the second investment?
$47,000 invested for 50 years at 12% compounded annually
$47,000 invested for 50
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Question 1175043: How much more would you earn in the first investment than in the second investment?
$47,000 invested for 50 years at 12% compounded annually
$47,000 invested for 50 years at 6% compounded monthly
You would earn $ nothing more on the first investment than in the second investment.
Answer by Solver92311(821) (Show Source): You can put this solution on YOUR website!
Future Value: 
Present Value: 
Annual Interest Rate (as a decimal): 
Number of compounding periods per month: 
Number of years of the investment: 
^{nt})
Plugin the numbers and do the arithmetic for each situation and compare the answers.
John
My calculator said it, I believe it, that settles it
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