SOLUTION: How much more would you earn in the first investment than in the second​ investment? ​ $47,000 invested for 50 years at 12​% compounded annually ​$47,000 invested for 50

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Question 1175043: How much more would you earn in the first investment than in the second​ investment?
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$47,000 invested for 50 years at 12​% compounded annually
​$47,000 invested for 50 years at ​6% compounded monthly
You would earn ​$ nothing more on the first investment than in the second investment.
Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!


Future Value:
Present Value:
Annual Interest Rate (as a decimal):
Number of compounding periods per month:
Number of years of the investment:



Plugin the numbers and do the arithmetic for each situation and compare the answers.

John

My calculator said it, I believe it, that settles it

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