document.write( "Question 1163100: What is the difference between investing $4,000 for two years at 7% compound interest computed semi-annually or invest them at 5% computed compound interest quarterly basis? \n" ); document.write( "

Algebra.Com's Answer #787065 by Edwin McCravy(20060) $\"\"$ $\"About$

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What is the difference between investing $4,000 for two years at 7% compound
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document.write( "They always say, \"Go by the higher interest rate, not the frequency of\r\n" );
document.write( "compounding\". Let's see if \"they\" are right:\r\n" );
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document.write( "Looks like \"they\" are.\r\n" );
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document.write( "Edwin

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