SOLUTION: Use the compound interest models A=P(1+r/n)^nt and A=Pe^rt to answer this question. Suppose you want to invest $5000. What investment yields the greater return over 5 years: 4.5%
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Question 201485: Use the compound interest models A=P(1+r/n)^nt and A=Pe^rt to answer this question. Suppose you want to invest $5000. What investment yields the greater return over 5 years: 4.5% compounded quarterly or 4% compounded continuously? How much more, to the nearest dollar, is yielded by the better investment? Answer by scott8148(6628) (Show Source):
