document.write( "Question 227606: Which of the following will provide a better yield. (Interest rates are annual.) \r
\n" ); document.write( "\n" ); document.write( "Plan A: $40,000 invested for 3 years at 4.5% compounded quarterly\r
\n" ); document.write( "\n" ); document.write( "Plan B: $40,000 invested for 3 years at 4.4% compounded continuously
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #169171 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
A=P(1+r/n)^t*n
\n" ); document.write( "A=40000(1+.045/4)^3*4
\n" ); document.write( "A=40000(1.01125)^12
\n" ); document.write( "A=40000(1.1436774)
\n" ); document.write( "A=$45,747.10
\n" ); document.write( "-----------------
\n" ); document.write( "A=P(e)^rt
\n" ); document.write( "A=40000(2.7183)^.044*3
\n" ); document.write( "A=40000(2.7183)^.132
\n" ); document.write( "A=40000(1.1411)
\n" ); document.write( "A=$45,644.37
\n" ); document.write( "
\n" );