You have two accounts with the following characteristics. Which has a higher interest rate?
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Mathematics, 25.04.2020 05:03 andile64
You have two accounts with the following characteristics. Which has a higher interest rate?
1. You invested $4,000 and would wind up with $5,500 after 15 years. This account was compounded continuously
2. You invested $5,500 and would wind up with $7,000 after 20 years. This account was compounded twice a month
Answers: 3
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