document.write( "Question 545869: suppose you have $12,500 to invest. Which investment yields the greater return after 5 years?
\n" ); document.write( "7.3% compounded monthly or 6.9% compounded quarterly? \n" ); document.write( "
Algebra.Com's Answer #355772 by mananth(16946)\"\" \"About 
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Principal P = 12500
\n" ); document.write( "Amount= A
\n" ); document.write( "years=n 5.00
\n" ); document.write( "compounded 12 times a year t
\n" ); document.write( "Rate = 7.30 0.01
\n" ); document.write( "Amount = P*((n+r)/n)^n*t
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\n" ); document.write( "Amount = = 12500 *(1+0.01)^5*12
\n" ); document.write( "Amount = 12500 *(1+0.01 )^60
\n" ); document.write( " 12500 *(1.01)^60
\n" ); document.write( "Amount = 17986.53
\n" ); document.write( "
\n" ); document.write( "Interest = 17986.53 - 12500 = $5,487 \r
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\n" ); document.write( "Principal P = 12500
\n" ); document.write( "Amount= A
\n" ); document.write( "years=n 5.00
\n" ); document.write( "compounded 4 times a year t
\n" ); document.write( "Rate = 6.90 0.02
\n" ); document.write( "Amount = P*((n+r)/n)^n*t
\n" ); document.write( "
\n" ); document.write( "Amount = = 12500 *(1+0.02)^5*4
\n" ); document.write( "Amount = 12500 *(1+0.02)^20
\n" ); document.write( " 12500 *( 1.02 )^20
\n" ); document.write( "Amount = 17598.03
\n" ); document.write( "
\n" ); document.write( "Interest = 17598.03-12500 =$5,098 \r
\n" ); document.write( "\n" ); document.write( "m.ananth@hotmail.ca\r
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