document.write( "Question 816462: suppose you have $1000 to invest. which investment gives the better return over five years: 5% compounded quarterly or 4.75% compounded continuously? \n" ); document.write( "
Algebra.Com's Answer #491549 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=1000(1+0.05/4)^4*5 \n" ); document.write( "FV=1000(1.0125)^20 \n" ); document.write( "FV=1000(1.282) \n" ); document.write( "FV=$1282.00 \n" ); document.write( "---------------- \n" ); document.write( "FV=1000(2.7183)^0.0475*5 \n" ); document.write( "FV=1000(1.2681) \n" ); document.write( "FV=$1268.00 \n" ); document.write( " |