document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1096089>Question 1096089</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Bob can invest $3000.00 in a continuously compounded account or he can invest his $3000.00 in an account compounded monthly. Both accounts pay 2 1/4% interest.<BR>\n" );
document.write( "a) which account would pay more ? Why ?<BR>\n" );
document.write( "b) how much more will Bob earn ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #710557 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=710557\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Bob can invest $3000.00 in a continuously compounded account or he can invest his $3000.00 in an account compounded monthly. Both accounts pay 2 1/4% interest.<BR>\n" );
document.write( "a) which account would pay more ?<BR>\n" );
document.write( "Continuous.<BR>\n" );
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document.write( "Why ? It's compounded more frequently<BR>\n" );
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document.write( "b) how much more will Bob earn ?<BR>\n" );
document.write( "Depends on the time it's invested.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );