document.write( "Question 953415: suppose that you have $5000 to invest. which investment yields the greater return over 10 years: 5.4% compounded monthly or 5.5% compound quarterly? \n" ); document.write( "
Algebra.Com's Answer #582305 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=5000(1+0.054/12)^(10*12) \n" ); document.write( "FV=5000(1.0045)^120 \n" ); document.write( "FV=5000(1.7139) \n" ); document.write( "FV=8569.65 \n" ); document.write( "--------------- \n" ); document.write( "FV=5000(1+00.055/4)^(10*4) \n" ); document.write( "FV=5000(1.01375)^40 \n" ); document.write( "FV=5000(1.72677) \n" ); document.write( "FV=8633.85 \n" ); document.write( " |