document.write( "Question 1001771: How much more would you earn in the first investment than the second investment?
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document.write( "$47,000 invested at 40 years at 14% compounded annually.
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document.write( "$47,000 invested at 40 years at 7% compounded monthly. \n" );
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Algebra.Com's Answer #618860 by Boreal(15235) You can put this solution on YOUR website! 47000*{1+0.14)^40}=$8,877,525.15 \n" ); document.write( "47000*{1+(.07/12)}^480=$766,636.34 \n" ); document.write( "$8,110,888.81 more \n" ); document.write( " |