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Mathematics, 01.03.2021 09:50 chanel2371
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $6,000, annual interest: 8%, interest periods: 4, number of years: 13
After 13 years, the investment compounded periodically will be worth $
(Round to two decimal places as needed.)
more than the investment compounded annually.
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Mathematics, 22.06.2019 02:50
If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years? use the continuous compound interest formula: a = pert
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