SOLUTION: An employee wants to invest ​$60 comma 00060,000 in a pension plan. One investment offers 66​% compounded quarterlyquarterly. Another offers 5.755.75​% compounded
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Question 1108711: An employee wants to invest $60 comma 00060,000 in a pension plan. One investment offers 66% compounded quarterlyquarterly. Another offers 5.755.75% compounded continuously.
(a) Which investment will earn more interest in 66 yr?
(b) How much more will the better plan earn? Answer by Alan3354(69443) (Show Source):
