document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=933523>Question 933523</A>: <I><SPAN STYLE=\"word-break: break-all;\"> which of the two rates would yield the larger amount in 1 year: 9% compounded monthly or 9 and 1/4% compounded annually? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #566879 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=566879\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 9.25% compounded annually is equal to 1.0925^1 = 1.0925\r<BR>\n" );
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document.write( "9% compounded monthly is equal to (1 + (.09/12))^12 =  1.0075^12 = 1.0938\r<BR>\n" );
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document.write( "9% compounded monthly gives you a greater return than 9.25% compounded annually.\r<BR>\n" );
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