document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1088398>Question 1088398</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use the compound interest formulas A=p(1+r/n)^nt  and A=pe^rt to solve.<BR>\n" );
document.write( "Suppose that you have $11,000 to invest. Which investment yields the greater return over 5 years: 5.4% compounded monthly or 5.5% compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #702669 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=702669\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I read the problem. The directions are clear and the formulas are correct. Use them, follow instructions.<BR>\n" );
document.write( "Note, though, that you have one formula for compound interest and another for continuous compounding interest (A=pe^rt). If your calculator doesn't have a key for e, use 2.718. But I don't think you have to worry because the problem only asks you to solve for compound interest, the first one is:<BR>\n" );
document.write( "A= 11000(1+(0.054/12))^(12*5) </SPAN>\n" );
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