SOLUTION: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.
Suppose that you have $11,000 to invest. Which investment yields the greater return over 9 years:
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-> SOLUTION: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.
Suppose that you have $11,000 to invest. Which investment yields the greater return over 9 years:
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Question 1179946: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.
Suppose that you have $11,000 to invest. Which investment yields the greater return over 9 years: 7.5% compounded continuously or 7.6% compounded semiannually?
$11,000 invested at 7.5% compounded continuously over 9 years yields the greater return.
Both investment plans yield the same return.
$11,000 invested at 7.6% compounded semiannually over 9 years yields the greater return. Answer by ikleyn(53937) (Show Source):
