document.write( "Question 1135359: Hi\r
\n" ); document.write( "\n" ); document.write( "which of the following rates would give the best return on $1500 invested for 3 years.\r
\n" ); document.write( "\n" ); document.write( "a) 12% compounded annually\r
\n" ); document.write( "\n" ); document.write( "b) 1% compounded monthly\r
\n" ); document.write( "\n" ); document.write( "my answer was a) the textbook said b) who is correct?\r
\n" ); document.write( "\n" ); document.write( "thanks
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Algebra.Com's Answer #752984 by Alan3354(69443)\"\" \"About 
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b) 1% compounded monthly\r
\n" ); document.write( "\n" ); document.write( "my answer was a) the textbook said b) who is correct?
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\n" ); document.write( "Interest is usually stated in % per year.
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\n" ); document.write( "1% per month compounded monthly gives
\n" ); document.write( "$1500*(1.01)^36 = $2146.15
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\n" ); document.write( "It's a poorly written problem.
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