Question 1040958: Hello Tutors,
Can I please have your assistance? Which is the better deal, $10,000 invested at 5%, compounded yearly, for 20 years, or $5,000 invested at 10%, compounded continuously, for 20 years?
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52817)   (Show Source):
You can put this solution on YOUR website! .
Which is the better deal, $10,000 invested at 5%, compounded yearly, for 20 years, or $5,000 invested at 10%, compounded continuously, for 20 years?
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 = $ 26,533
 = $ 33.637.
Now you decide.
Answer by MathTherapy(10555)  (Show Source):
You can put this solution on YOUR website!
Hello Tutors,
Can I please have your assistance? Which is the better deal, $10,000 invested at 5%, compounded yearly, for 20 years, or $5,000 invested at 10%, compounded continuously, for 20 years?
$10,000, @ 5%, compounded annually, for 20 years: 
$5,000, @ 10%, compounded continuously, for 20 years: 
Obviously, the latter is a better investment
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