document.write( "Question 227606: Which of the following will provide a better yield. (Interest rates are annual.) \r
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document.write( "Plan A: $40,000 invested for 3 years at 4.5% compounded quarterly\r
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document.write( "Plan B: $40,000 invested for 3 years at 4.4% compounded continuously
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Algebra.Com's Answer #169171 by rfer(16322) ![]() 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( " |