document.write( "Question 997560: Karen received an inheritance from her grandparents and wants to invest the money. She is offered the following options of accounts to invest into:
\n" ); document.write( "•4.5% APR, compounded semi-annually
\n" ); document.write( "•4.3% APR, compounded daily\r
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\n" ); document.write( "\n" ); document.write( "If Karen decides on the the first option, by what percent will her investment have increased after 10 years?\r
\n" ); document.write( "\n" ); document.write( "Having trouble understanding. Thanks. \n" ); document.write( "
Algebra.Com's Answer #615591 by Alan3354(69443)\"\" \"About 
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Karen received an inheritance from her grandparents and wants to invest the money. She is offered the following options of accounts to invest into:
\n" ); document.write( "•4.5% APR, compounded semi-annually
\n" ); document.write( "FV = PV*(1 + r)^t
\n" ); document.write( "r = 4.5%/2
\n" ); document.write( "t = 20 half-years
\n" ); document.write( "FV = PV*(1 + 0.045/2)^20
\n" ); document.write( "FV = PV*1.56
\n" ); document.write( "--> 56% increase
\n" ); document.write( "----------------
\n" ); document.write( "•4.3% APR, compounded daily
\n" ); document.write( "FV = PV*(1 + r)^t
\n" ); document.write( "r = 4.3%/365
\n" ); document.write( "t = 3650 days
\n" ); document.write( "FV = PV*(1 + 0.043/365)^3650
\n" ); document.write( "FV = PV*1.537
\n" ); document.write( "--> 53.7% increase
\n" ); document.write( "-----------------------
\n" ); document.write( "If Karen decides on the the first option, by what percent will her investment have increased after 10 years?
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